The Day Ahead: PM Edition 2022-04-28

Equities bounced but can they hold and climb post Amazon earnings?

Bonds

ZB put in some effort at moving lower but bounced. I doubt we have a higher low set just yet. Bias is down to 139^11 which would be a better candidate for higher low and still can’t rule out a minor new low to 137^18.

Expect lower

Crude Oil

I have previously pointed out that one leg of the proposed triangle has the wrong form. I think it best to rejec…