Bonds Begin Final Daily Cycle Decline

LikesMoney Independent Analyst

Bonds have made multiple attempts to regain the 50 day MA since emerging from its 44 day DCL. Bonds were rejected by the 50 day MA on Monday beginning its final daily cycle decline.

Monday was day 13 for the daily bond cycle and bonds formed a swing high. They also closed below the 10 day MA which caused the 10 DMA to turn lower to signal that bonds have begun its final daily cycle decline. Bonds have already established that they are in a daily downtrend. The formation of a daily swing high below the upper daily cycle band indicates a continuation of the daily downtrend. The intermediate bond cycle, which is discussed in the Weekend Report, is forming as a left translated weekly cycle. That aligns with bonds being in a daily downtrend and delivers an expectation for the current daily cycle to fail, therefore continuing the intermediate bond decline.

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LikesMoney

Independent Analyst

Assets (such as stocks, gold, and the dollar) have identifiable cycles.

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