The reaction in the bonds and notes from the June 3 top keeps breaking past the support levels I thought would mark its end
. The bonds
have reached the third step down in their ½ box staircase at 116-05. The notes
still have a bit further to go to reach 112-06 which is the third step down in their ½ box staircase. I am expecting a big rally in both markets from current levels.
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