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I'd like to put my 2 cents into your Bond thread. I think that there is potential for a pullback in the bonds, especially if stocks are going to make a run higher, but ultimately they will resume the trend to the upside if stock turn south again.
My opinion is based on the Wave volume and how it is declining on the weekly chart and how the most recent up wave on the daily is shorter than a prior up wave, but the volumes are almost the same. This could be effort vs. result in Wyckoff terms which would mean that even though the volume is high=effort the result is less than it should be. That would mean it's being sold into. There is also an inability to reach the top of its respective trend channel which shows a decline in momentum. The only wrench in my theory is that if the supply to the left where price fell is being absorbed, then the volume may be high without price falling. I would say see what price does on a lower time frame and see what it does at the prior days high and low and if it breaks one of those levels.
...... now where she want to go..............
