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US 10 Year Treasury notes

The US 10 year notes fell in 5 waves. This means that another leg of the bond market collapse is already starting. The bounce back to the wave 4 of lower degree is complete and no more time is needed to complete weekly cycles. Weekly charts show failure to cross the 20 week average. Now all we might get is a short term bounce in minor wave ii up but after that we are in a larger degree 3rd of 3rd wave down and should break the wave 1 low made in May. Another big jump up in bond yields in the US is now right round the corner.

notes 070618

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