My bond obsession continues, and with good reason. We’ve just had our latest breach. And remember, next week is a big FOMC announcement, so that should shake things up. The important fact is that we’re now beneath a support level that has been in place for months.
The failure of this range (tinted below) sets us on course for the next phase, which is to push prices down to the green horizontal I’ve drawn. A failure of that level will seal the deal and establish the trend for years to come. Let’s see if we can actually get there.
