$TMF has now retested the 0.78 Fib again at $44 and has bounced now but it is not out of the the woods yet, the count still remains valid but this would need to get back above the 200 Day MA at $52.50 and hold here for support to get some relief.
I shared earlier that the US 10YR has found some resistance.....Bond Bulls will want to see the US 10yr not holding support on its own pull back and this will allow bonds to move higher
Right now, more price action is needed.
Brian
2024-11-08 19:25:38 +0000 UTCBrandon
2024-11-08 18:01:25 +0000 UTC