Preferred view suggests a cycle from 7.25.2012 has ended and 10 year yields are correcting the entire cycle now. Expect a test of 2.634 – 2.687% to complete 7 swings lower in wave “W” then we expect a bounce in wave X toward 2.90 before resumption of  the decline. We don’t like buying yields in […]

Index is breaking below the channel support but more importantly 1.3.2014 (9723) pivot has given up in our  system due to which we believe Index has completed a cycle from 12.6.2013 (9235). This leaves us looking for a pull back in wave ( B ) which can reach as low as 9738 – 9891 which […]

We think wave ((B)) completed & after further strength toward 10081,  we see another 3 wave drop toward 9600 in B as the next chance to get into long positions per the primary view.  Cycles are positive so we don’t like selling the Index in any proposed wave (( iv )) or B pull backs.

Nikkei future: Index is trading higher in wave (( v )) toward 16224 to complete wave (( A )). Index should soon make a corrective (( b )) wave pull back before reaching 16224. Wave (( b )) pull back should hold above the low of 15215. Cycles are positive so we don’t like selling […]

Expect a test of 9312 – 9384 to complete wave A of ( C ) after which Index should make a corrective B wave pullback and turn lower again. We don’t recommend buying into wave B as it should resolve into more downside.  

Recent push up has erased the divergence in RSI favouring the idea of a 7 swing move. Expect a corrective pull back followed by more strength toward 2.85 – 2.88% to complete wave ( X ) before 10 year note yields turn lower again into a double correction.