USZ11 – December T-Bond (Last:140^09)

December T-Bond (USZ11) price chart with targetsJust when you’re ready to give up on the Bonds, they whip around and uncork the nastiest rally in a month. The high shortly before 4 a.m. EDT has tied an important external peak recorded a week ago, and it would take but a further 3/4 of a point from there  to knock off a second ‘external’ at 141^00, creating a powerful bullish impulse leg on the hourly chart.