The Day Ahead: PM Edition 2021-04-21

Crude on plan moving lower, S&P 500 at a wave (II) high near the close?

Bonds

ZB is starting to push through 158^15 which makes at least a test of 159^01 likely and a good chance at a new swing high. That said, I still think it late in the development of wave [A] of iv.

Late in the development of [A] of iv

Crude Oil

Nice to see crude on plan as it stayed under 62.81 today and is nearing a minor support at 60.78. I want 60.78 to…