The strength of the leg up today has me second guessing the idea of wave ii and thus promoted the alternate count to main, that this move is 'c of (ii)' instead of a mere wave 'ii'. There is a distinct possibility bonds rally into the next FOMC meeting in September. The decision between which count is in force will be made at either 145^07 or 145^27 to 145^29. Imagine that the resist zones are tested next week.

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