Bonds & Notes Poised for Surge
06/01/16 Weekly Re-Lay Alert:
“Bonds & Notes have consolidated after fulfilling the intermediate outlook for a rally into May 16th. Both neutralized their daily uptrends multiple times, but would not turn those daily trends down until daily closes below 163-04/USM & 129-10/TYM. That is increasing the potential for a new rally in June.
The weekly & intra-year trends remain up, so the benefit of the doubt remains with the positive side of these markets…It is possible – based on previously-described daily cycles (on June 2–3rd – the next phase of an ~8-week, ~4-week & ~2-week high-high-(?) Cycle Progression combined with a ~6-week low-low-(?) Cycle Progression) that Bonds & Notes could see an initial surge into Friday (employment numbers??) and then a second rally later in June.” [Refer to June 1, 2016Weekly Re-Lay Alert for other specifics related to Bonds, Notes & Interest Rates. Overall outlook remains firmly on track and could be confirmed by price action in month of June. Watch June 3rd & mid-June for decisive moves.]