An against-the-grain projection of a bullish turn in the bonds is looking better with each passing day — particularly yesterday, which gave us an ostensible flight-to-safety that sought refuge in bonds, though most surely not in the dollar. Go figure.  We won’t try to parse the logic of it; instead, we’ll continue to monitor the futures’ progress toward a 133^23 threshold. Its attainment, as I noted here earlier, would clinch the bull trend for the foreseeable future, kicking the larger intraday charts into bullish high gear.