Bonds fell away from the daily moving averages as expected today. I’m treating this move as a tiny wave three and hence prefer that it reach for the lower targets of 152^04 or 151^17 before much of a bounce. Bond bears want prices to remain under 154^04 on any small bounce.
Charts added to this post as I complete them. Full post ETA 10:30.
Bonds dropped under the daily moving averages and is bouncing to retest the break. I favor bond prices dropping away from the moving averages or slightly higher at 155^15.
Charts added to this post as I complete them. Full post ETA 10:30
As I type, bonds are starting to drop under the moving averages. Next step is to push toward 154^04. I wouldn’t be shocked to see a bounce to test the moving averages from underneath before moving too much lower.
Charts added to this post as I complete them. Full post ETA 10:30.
Bonds are consolidating just above the daily moving averages. For bears to take control, prices need to stay under 155^15 or 156^02 and then drop under the moving averages.
Charts added to this post as I complete them. Full post ETA 10:30.
Charts added to this post as I complete them. Full post ETA 10:30.
Charts added to this post as I complete them. Full post ETA 10:30.