Have been fishing for the completion of 'c of (ii)' in bonds for over a week. Over that time, bonds have been developing a wedge, a possible ending diagonal, which is fairly common formation for the last segment of an impulse when up against strong resistance. The dominant cycle on the 240min chart suggests a change in trend is due and the daily cycle has already peaked late last week. Prices need to drop under 145^12 to get the ball rolling lower and even better when under 144^12.

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