The Week Ahead: 2022-04-17

Can the equity indices firm up this week?

Bonds

ZB slipped a little lower last week, but I think bears need to be cautious here as the dominant cycle is forecasting a low and the cyclic smoothed RSI is developing positive divergence. Yes, there is a minor bias to extend lower while under 143^05. Just keep in mind the next support is only slightly lower at 140^13.

Late in wave [III]

Crude Oil

I’m ha…