Today, I update the futures and yield charts for the 30 yr bond, 10 yr, 5 yr, and 2 yr notes. Much has happened and much more is yet to come. The technical picture across the board does show that small minute 4th wave rallies are likely in progress or are close to beginning. I continue to view the treasuries as being in the process of completing Intermediate degree A waves down in futures and up in yields. Again, across the spectrum it appears that within the Minor 5th waves, minute 3rd waves are complete and minute 4th wave corrections are underway. Leaving minute 5th waves yet to be completed and then finish Intermediate degree A waves.
September 30, 2023