Cycle Trading

Bonds printed their lowest point on week 18, placing them in their timing band for an intermediate cycle low.

While bonds did form a weekly swing low last week, they was contained by the declining weekly trend line. Bonds are delivering bullish follow through this week by breaking above the declining weekly trend line to signal a new intermediate cycle. Bonds should go on to break above the 10 week MA and turn it higher as it rallies out of its intermediate cycle low.