It is not clear if the small wave [IV] in bonds is complete or for that matter if wave [III] itself is done. I favor lower on any small retrace for the time being. Next supports are at 141^20, an extended wave [III] target, and 141^13, the first of the wave [V] targets.

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