Just showing the progress of my previous analysis. The news did not affect price significantly.
TIME ZONE MDT
7:00am USD
HPI m/m
1.7% 0.8% 1.5%
USD
S&P/CS Composite-20 HPI y/y
6.6% 5.3% 5.3%
7:59am USD
Richmond Manufacturing Index
15 20 29
8:00am USD
CB Consumer Confidence (MEDIUM)
96.1 97.7 101.4
The price of the Bonds is giving Lower Highs and Lower Lows. That is simply a downtrend, and the price I aim for a previous swing lows that have been formed in the past from the uptrend. News can possibly drive price down, or might do a stop hunt to 173'20.
I see a primary objective of price aiming to go lower. The previous swing low could be retested or broken, there's a strong probability that could happen this week. Before a sell can be considered, selling ZB at a premium would be the best entry.
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