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A bit late w/this post, but think bonds completed five wave leg lower
from forecast July 2nd peak on Tuesday at 122-08. Already around
122-17/18 2nite. Would look for min move to 123-01 and could even extend
to 123-16 area. Still bearish bigger picture (at least down to low-118s
and prob more like 115s), but would be long for next session or two.
Move below 121-30/28 pretty much rips such ideas to shreds.
Disclaimer - I've got a long put spread on in spooz (Aug. expiry) for a
few days. Showz what I know!
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