Elliot Wave Monthly Count on Bond Rates

2022년 2월 27일

It appears that Bonds failed and reversed at a exact 0.618 extension of the bull run since 2008 and reversed sharply which is characteristic of a truncated C Wave suggesting we are headed much lower in prices and consequently much higher in yields. (Possibly all the way back to 2008 origination.)

Note I have labelled this as an ABC move and not an impulsive move as the alternate count is we are in wave 4 but as Wave 4 has already intruded into the top of Wave 1 ( Alternate to A) so this is presently discounted.

Bonds should find support in the 122.00 area leading to a rally to 126-127.60 area and subsequent stock market rally but it will be short lived as the next move down is expected to take bonds to 116.65 and stock markets down with it.