The Day Ahead: AM Edition 2022-05-13
A scary morning in equity indices, but beware an afternoon bounce
Bonds
Bonds have been soft this morning pushing to a new low under that of May 9th. Somewhat like what I’m proposing in SPX, I am moving the wave labels to the right making the last bounce a lower degree fourth and, in this case, working on (V) of [III].
Minor support at 132^26 which could cause a minor bounce but the form looks conducive to lower after a…
Keep reading with a 7-day free trial
Subscribe to Trading On The Mark to keep reading this post and get 7 days of free access to the full post archives.