Here is an hourly chart of pit trading in the December T-bond futures. I last commented on this market here.
As you can see the market has bounced off of the midpoint of a 47 tick box and I think it is now headed higher. The top of the next box is at 114-06 and another reaction is likely from that level.
Keep in mind that I think a new bull market began from the May low at 105-11. I think the first drop of 4-6 points of this new bull market will start from the 114-115 zone in the bonds.
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