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US-Bonds-week-18th may
In the 1st April chart update on Bonds and Treasuries we caught the Bonds at the 106 high and called for a change in direction. Our timing was perfect.

Our current reading is that the 98.24 low this month is the end of the first wave in a 5-wave decline. We now expect a retracal to a level between 102 and 104 in a 3-wave structure after which the downtrend may resume.

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