The Day Ahead: AM Edition 2021-04-16

If bonds break down, I think it takes the equity markets with it

Apr 16, 2021

∙ Paid

Bonds

Bonds are at a cycle inflection here and putting pressure on support at 157^25. I can’t rule out another push for overhead resistance but the rejection of resistance may be the start of a [B] wave lower. Under 157^25 creates a problem for bulls.

Crude Oil

CL is stalling under the 63.86 to 64.03 as it gets ready to roll to …

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