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best bond trading

After an extended 5th wave in the impulse, ZN has broken down (as anticipated from this pattern). After ranging yesterday, it is up to the vagaries of risk sentiment to decide where it will go next: if it will rally or breakdown further. It seems likely we will see strong resistance around 138’18 and 138’21. The Kovach momentum indicators are gradually shifting to the bearish side.

extended fifth bonds

After an extended fifth wave, bonds have broken down and will face resistance in the 138 handle.

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