The Day Ahead: AM Edition 2019-02-21
Charts added to this post as I complete them. Full post ETA 10:00.
The Day Ahead: PM Edition 2019-02-20
Bonds fell back from the 147^02 resist today to just above support at 146^07 which is the number to beat to confirm that the 'b' wave was set and now in 'c of (b)'.
The Week Ahead: 2019-02-18
Not much change in bonds. Looks like the 'b of (b)' is still in development. Thinking it best to allow for 147^22 to be tested this week. If at the end of the week bonds are still held back by 147^02, then that might be it.
Copper Update 2019-02-17
Since the middle of last year, my view has been that copper needs to bounce in a (b) wave as preparation for rolling down again in a (c) wave. Copper is now at an initial target for 'c of (b)' at 2.85. When dropping down to a daily chart, you can make a case for a little push up for one more wave up so as to get a five count up from the early January low. Once copper does roll lower, if it makes a higher low to the 2016 low, it will qualify as both a wave [b] or [ii]. If it eventually makes a new low to the 2016 low, it will be valid as a [b] wave low.
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