The Day Ahead: AM Edition 2022-04-29

Equity indices start off weak on the back of Amazon earnings

Bonds

ZB started lower today according to plan but has attempted to hold and bounce from 140^05. I’d rate that as an aggressive B of (A) of [IV] target. Think it better to be cautious while under 141^02 as it could extend toward 139^03.

Wave B can extend lower

Crude Oil

As I mentioned in the post last night, I am changing the form in CL away from a b wave t…