Weekly bonds tested the 146^27 resistance level last week while the weekly dominant cycle is signaling a possible inflection and the adaptive CCI is about to have a zero line test. All the above suggest that the move up from May is in danger of ending soon and resuming the trend lower. The alternate is that this bounce is only the first wave up in (ii) and will become more complex later in the year retesting resistance after moving down for a month or two.

You must be logged in as a Daily Analysis or Intraday Analysis subscriber to view the rest of this post.

WP Facebook Auto Publish Powered By : XYZScripts.com