Bonds are retesting resist at 155^27 again. Think it best to allow for a minor new swing high but not confident it will. Probably a little risky to fade while above 154^18 but I think we are very late in the game.
Charts added to this post as I complete them. Full post ETA 10:30.
Cycles and an exhaustion study agree with my wave count that bonds are ready for a reversal. First evidence of a reversal is for bonds prices to drop under prior resist at 153^16.
Primary view is that bonds are late in a wave [II] bounce up from the 2018 low. The faster of the two weekly cycle suggest the top is nearby thought the longer cycle could help hold prices up into July or early August. Alternates, not listed on the chart, are that this is just (a) of [II] and there will be a future retest of this resist zone again after a decline in (b) of [II] and a bullish alternate that treats this a wave (a) of an ending diagonal [v]. All the counts can use at least a retrace lower from nearby.
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