The Day Ahead: AM Edition 2022-04-20

Bonds finally try to get up off the floor

Bonds

ZB finally trying to pick itself up off the floor. I’m penciling in this bounce as a wave (IV) bounce and thus allowing for another low before a larger wave four bounce. Resist at 140^19 and 141^22. Any bounce above 142^24 implies that wave [III] is set and in the larger wave [IV] bounce.

Up in at least wave (IV)

Crude Oil

CL made a poke under 101.40 …