Bonds bounced up last week to test initial resist at 173^31.
Bonds finally found a toehold and bounced last week to test initial resist at 173^31.
Bonds had a pretty exciting week last week as they briefly fell to test support at 170^17 and spiked up to the first of the main resist targets at 176^00 before falling back to around the middle of the range for the week.
I know I was getting concerned that something strange is happening in bonds but up at this scale, I can’t say there has been much change.
I’m leaving a count that I have as an alternate on the daily and intraday bond charts as the primary on this weekly chart because in practical terms it has the same outcome and similar targets provided the move up in bonds is not too extreme.
Bonds attempted to bounce from 173^16 last week but so far is being held down by 175^31.
Bonds broke under minor support at 175^31 last week to retest the low from late August and support at 173^16.
Same story in bonds as it has been for the last several weeks.
Bonds have been slowly rising from a test of support at 173^16 for a month.
Bonds are not racing higher but neither dropping with any force.