T-bonds

Here is a 15 minute chart of June T-bond futures. I last discussed this market here.

The bonds have finally reached my 111-16 target. In doing so a clear three phase rally is visble ( a-b-c-d). Moreover the volume on this last upleg shows a marked tendency to drop as the market climbed to new rally highs.

I think this means that the corrective phase is over and that a move below 110-00 is imminent.