US Bonds

The test of the 5/6 swing high B to B came on a reduction of volume A to A. This suggests a subtle decrease in the upside force in the US bond market. Just like the stock market, the high energy 5/6 swing will likely be tested multiple times. Either the swing high will be broken on a sign of strength or the energy of the initial up thrust will be dissipated over time.

US Bonds ETF (TLT):


The test of the 5/6 swing high B to B came on a reduction of volume A to A. This suggests a subtle decrease in the upside force in the US bond market. Just like the stock market, the high energy 5/6 swing will likely be tested multiple times. Either the swing high will be broken on a sign of strength or the energy of the initial up thrust will be dissipated over time.

It is also important to note that bond market entered a period of cyclical strength in April. Price will follow when time is right.

30-Year US Bond Yields: