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The Day Ahead: AM Edition 2021-04-20

The Day Ahead: AM Edition 2021-04-20

Morning weakness in equity indices but expect a bounce, not a trend day

Apr 20, 2021
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Trading On The Mark
Trading On The Mark
The Day Ahead: AM Edition 2021-04-20
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Bonds

ZB has yet to form a impulse down so therefore always a chance to extend higher. That is certainly playing out today as they recover 157^27 and more today. Short term resist at 158^15 but expecting a new swing high to form before [A] is complete.

Still working on [A] of iv

Crude Oil

Nice drop this morning under 63.11 in CL which means we may be in the…

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