Bonds – July 30, 2023

sounds crazy, but sure looks like bonds are going to break the big support that’s been holding em’ up and, frankly, target the blue zone as shown in the below charts. Ummmm, ouch. Right? If my count is wrong, then we will go up and do another leg to finish the a-b-c corrective move BUT either way, I feel pretty good w/ the count from the “big” top above perspective so we “should” be going down in bond prices regardless of the news and then we find some pretty big support and a BIG WAVE 2 or B Wave will get everyone thinking “inflation is over” and the rates are GOING DOWN and yeah team … but, that’s just gonna be the wave 2 or the B wave … after that is the “ouch” 3rd or C wave and rates are gonna explode …

Here’s the TLT (I AM LONG TBT) look that could, realistically, get targeted over the long term. I know, hard to believe … just calling it like I see it.

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets. View all posts by BART