Bonds about in the same place as they were on Wednesday.
Bias is usually higher on the partial day after Thanksgiving.
Bonds didn’t do much today which is hardly surprising a day before a holiday.
Bonds are attempting to bounce from support at 176^16 but my conviction that wave (B) is set is low.
S&P 500 futures came through with the last little push into upper resist after the New York close yesterday and has spent the evening and early morning drifting back.
Bonds did a decent job dropping the expected retrace of the advance from the November low to the high late last week.
Bonds have continued lower on plan but now nearing a more reasonable target for (B) of [II] at 172^16.
Nice to see S&P 500 futures up overnight which indicates the forecast is on track.
Bonds started to slip back away from resist at 174^03 today.
Bonds are slipping back a bit which was expected.