In the short term, while support at 179^06 holds, expecting a bounce in bonds to test 180^14 or 181^22.
While I’m not a big fan of higher, there is a minor bias to up while above 2570.75 in the S&P 500 futures.
Nice to see bonds fall away from resist at 182^15 today.
Allow for the recent rise in bonds to test 182^16 or 183^19 for a possible lower high.
S&P 500 futures tested a good initial support not long after the open on Sunday evening at 2363.
Bonds are up against resist at 179^14 now but I’m not confident in it holding.
Last night I mentioned that a retrace was due in the S&P 500 and here we are with the futures down about a hundred.
Little changes in bonds today as the range was the same as yesterday.
Is the wave ii high set in bonds?
Think the trick today is to get long safely.