Yields have turned higher in what looks to be an impulse in wave (( i  )) of ( 5 ). 2.80% could be tested before we see a pullback in wave (( ii )) and more upside. Hourly cycles are positive so we don’t like selling yields in proposed wave (( ii )) pullback and […]

Expect a test of 0.8488 – 0.8509 to complete a 5 wave rally from 0.8329 low from where pair should pullback at least in 3 waves.  Only an impulsive decline following completion of this cycle would leave the door open for new lows below 0.8329. Hourly cycles are positive so we like buying the dips as […]

Metal has broken higher from wave (( b )) triangle and while above 21.59, expect another push higher toward 22.74 – 23.01 area to complete a cycle from 20.59 low after which metal should pull back at least in 3 waves. Hourly cycles are negative but we don’t like selling the metal unless of course […]

Index appears to be completing wave ( B ) as a FLAT which can still test 13709. As Index avoids aggressive weakness below this level, expect it to turn higher.  Break above 14160 will confirm wave ( B ) low is in place.