I have attached a chart of the monthly continuation contract for the 10 Year note with my E-wave labelling. If I am correct, the 10 Year could be about to make its high, wave 5 of V of a 20 year bull run that began back in 1989…
Currently I am bullish the 10 year note from a trading perspectivel. Obviously, from a long-term perspective this means that interest rates could soon begin rising. My sense is that if the stock market corrects quite a bit (which is possible) then the Bonds would make this run as a final “flight to safety”. We’ll see.
