A 76.4% retrace of the prior five wave advance, which unfolded in a complex WXY pattern, points at a high likelihood that 128.76 is exceeded intermediate term. Also note that the prior descending channel, is most definitely broken at this point.
Those married to news are worried about a rate hike, but the chart seems to say that treasuries will trade higher.
Those married to news are worried about a rate hike, but the chart seems to say that treasuries will trade higher.
In particular, you should spend no time at all thinking about those rosy scenarios in which the market goes your way, since in those situations, there's nothing more for you to do. - William Eckhardt