The Day Ahead: PM Edition 2021-02-03
Bonds cleaning up the pattern by dropping down to test the prior low.
Bonds cleaning up the pattern by dropping down to test the prior low.
Bonds rejected 168^23 and leaking lower. That is fine as an ideal form is a retest of 167^16 but I still worry about a possible truncation.
S&P 500 futures climbed a bit overnight and into this morning.
As I mentioned in the morning, bonds have dropped enough to negate the bullish pattern but think it late in the development of the ending diagonal (C) of [B].
Certainly been a strong morning in the equity indices but I think it wise to consider the possibility of a lower high forming.
Bonds have broken the impulsive ideas up from the January 12th low but I can’t be bearish.
S&P 500 futures are up this morning but opening the day up against some resist at 3810.75.
Bonds are resting on some deep support at 168^21.
Bonds are fighting to make a higher low stick.
Quite the recovery from the Sunday evening low in the S&P futures.