Nothing new to add to bonds. Stuck between 145^10 and 146^26 as expected till the FOMC meeting.
Charts added as I complete them. Full post ETA 9:30
Charts added to this post as I complete them. Full post ETA 10:15.
Bonds fell back to support today from 145^10 and the daily moving averages. This is consistent with the view that bonds are trapped between 146^26 and 145^10 until the FOMC meeting next week.
Charts added to the post as I complete them. Full post ETA 10:15.
Bonds are likely stuck between 145^10 and 146^26 till the FOMC meeting next week. I think form could be complete for a ‘b’ wave at this point.
Charts added to this post as I complete them. Full post ETA 10:30.
Bonds lifted from the 145^10 support and daily moving averages today to poke past 146^04. I think the form now looks complete for [C] of b. Could it extend? Sure, but I don’t think anyone should count on it.
Pardon for the tardy post this morning. I forgot to set my alarm and my circadian rhythm has not caught up with the time change. Charts added to this post as I complete them. Full post ETA 11:15.
It is possible that the ‘b’ wave high is set in bonds against 146^04 but I am thinking that they chop around between 146^04 and 145^10 for a few days.