The long-bond futures look like they could continue to do nothing for more weeks or even months. On the daily chart, the last time they created a bullish impulse legs was two months ago, in late June. Since then. however, bullish and bearish feints have canceled each other out, suggesting that indecisiveness is likely to rule for the foreseeable future. A pop this week exceeding 121^31 would change that, turning the picture bullish immediately, but I am certainly not expecting it.
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