Bonds finally came through with falling away from 165^08 and are now nearing first support at 162^31. Prefer first support fail and test 161^23 but probably smart to manage if short. Expect bulls to try to bounce it up from one of the two supports.
Charts added to this post as I complete them. Full post ETA 10:30.
Little change in bonds as they are still being held down by 165^08 but prices have not yet fallen away from resist to test 161^23 and the daily moving averages.
Charts added to this post as I complete them. Full post ETA at 10:30.
Bonds for the most part traded in the range from yesterday. 165^08 held as resist today and likely will tomorrow as well, up until the 14:00 FOMC minutes anyway. At that point, they either decide to press over and try for a modest new high, not crazy about this option but possible, or reject 165^08 and drop to test 162^31 or 161^23 and the daily moving averages.