The Week Ahead: 2022-07-10

Can the equity indices hold their gains for a higher low?

Bonds

ZB rejected another test of 141^21 last week and fell back under 138^03 which is indicative of the bearish forecast for lower in either (B) of [IV] or [V] is on track. I like bonds lower into the next cycle inflection in early September, but the path is not clear at this point.

Working lower in (B) of [IV] or [V]

Crude Oil

Primary thesis is that CL is…