The Day Ahead: PM Edition 2023-03-29
Bonds supported by the daily moving averages, for the moment
Bonds
Bonds poked to a new swing low before recovering. I’m penciling in the drop from March 24th as wave (I) of [III] and now in a wave (II) bounce. An alternative is to treat the minor bounce thus far as a low degree fourth in the developing wave (I) of [III]. A shallow wave (II) target is at 130^13, a deep wave (II) would try for 131^03.
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