In my March 1'st post I called for a rally towards 4.48% and expected a peak nearby. We have now see the 10Y US Treasury bonds run to a high of 4.59% and I expect that we have seen wave B peak and wave C now should take over for a decline towards support near 3.23 from where the next strong rally is expected.
We will need to see a break below support at 4.34% to confirm that wave B has peaked and wave C is in motion.
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