Bonds did bounce a bit as expected from 145^21 and the moving averages. Allow for more of a bounce before attempting to drop under the moving averages.
Charts added as I complete them. Full post ETA 10:00
Bonds stayed on plan today by moving lower to just above145^21. A little lower to test 144^30 is possible but one should expect prices to firm up before long and instigate a small bounce.
Charts added as I complete them. Full post ETA 10:30.
The wave (a) high idea in bonds is working well at the moment. Next step is to continue lower to test 145^21 and the moving averages.
Charts added to this post as I complete them. Full post ETA 10:15.
Charts added to this post as I complete them. Full post ETA 10:30.
I’ve made some slight modifications for my wave v of (a) targets in bonds since I moved the location of iv up to the December consolidation. Both weekly and daily cycles suggest a swing high is being set nearby. First step in turning lower is prices dropping under old resistance at 147^31 and next the smallest of retrace targets of 147^07.
Charts added as I complete them. Full post ETA 9:45.
Bonds began to retrace intraday but advanced toward the next relevant Fib extension of 148^02 late in the day. The longer of the dominant daily cycles is suggesting that the upward trajectory should be nearing an end but probably still too aggressive to outright short aside from an aggressive intraday trade near resistance.