EliteTrader101
Short

Bonds down, Makets UP

AMEX:IEF   None
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It looks like the rally in bonds is finally done because it had 3 legs up and is forming a potential M pattern. The obvious target is back down into liquidity at the 200 sma . What this means for the market is that it should have a strong rally to finish off January in a positive note and a positive tone for the rest of the year. This final move in bonds confirms the strong rejection off the lows in the market.
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