Bonds lifted from support at 160^31 this morning on the disappointing ISM number. High of the day was a retest of the prior high and resist at 163^08. This makes discerning the form more difficult but I'm going with a shallow [B] wave at the low of the day and up in '[C] of b'. Technically 'b' could be complete though best to allow a little higher to test 164^14 or 165^19.

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