The Day Ahead: PM Edition 2019-04-22

Bonds are struggling to rise up from the test of support at 146^00 but one thing that should work in favor of rising bond prices is that the dominant cycles on the daily chart are bottoming this week.

The Day Ahead: PM Edition 2019-04-17

Bonds responding to support at 146^00 which is a decent candidate for the end of (b). First confirmations of a reversal up in the early stages of ‘(c) of [ii]’ are pushing up past 146^23 and 147^13.

The Day Ahead: PM Edition 2019-04-16

Bonds fell past the limit for a wave iv today thus making this the third part of a (b) wave. Next target for (b) is at 146^00. Is lower than that possible? Yes, 144^23 and even 147^04 are valid targets but am interested in a low relatively soon so favor the top two targets. If this stretches out in time, I begin to worry about the new alternate is becoming active which is the last high was wave [ii].