The Day Ahead: AM Edition 2018-08-17

I’m moving wave [IV] a swing to the right on this bond chart which means this move up is [V]. Right now price is testing resistance at 144^30. Score this as an aggressive place to short though I can’t rule out a test of higher targets before turning lower.

The Day Ahead: PM Edition 2018-08-16

The dominant short daily cycle on the bond chart crests in a week. Prices may have completed the pattern on a lower time frame but a good idea to give it a little time to see if it extends. If prices fall under 143^28 then it likely means the advance from ‘b’ is complete.

The Day Ahead: PM Edition 2018-08-15

Bonds may have put in the ‘c of (ii)’ high today. You can count five small waves from the ‘b’ wave low up to the high today. It was just short from a retrace value at 145^07 but intraday targets have been hit. First confirmation will be prices falling under 143^28.