Update on Bonds

Just a quick note regarding the 10-yr…

Still a lot of upside from a harmonic standpoint, with the .886 at 127’205 looking nice and juicy now that the falling channel purple is safely in the rear view.

2014-08-19-ZN daily 1800

Note the nice support on the 60-min chart that suggests another strong upside move is in the offing.

2014-08-19-ZN 60-min CU 1800

The bond market clearly expects something that the stock “market” doesn’t.

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