Bonds are doing a fair job trying to make a higher lower at 168^03 stick and rise in the early stages of wave III up.
Well, the drop in S&P 500 futures in the afternoon yesterday and continuation overnight is acting like the aftermath of 'sell the news'.
Bonds slipped lower today in what could be an effort to establish a higher low.
I've been looking for bonds to firm up but have been a little thrown off by the overlapping yet broadly trending drop over the past several months.
Bonds have been stuck running sideways for two months now.
Normally I would say this week would be expected to be dull but this hasn't been a normal year.
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