The Week Ahead: 2022-05-15

Will see if the equity indices can form a higher low this week

Bonds

Bonds have put in a decent bounce last week after testing support at 135^05. I think chances are high that the wave [III] low has been set and now in the early stages of a wave [IV] retrace. Fourth waves are known for being quite complex so expect a fair amount of chop for the next several weeks. I have a minor bias to see resist at 144^14 tested b…