The bullish reversal on day 48 has a good chance of marking the daily cycle low.
A break above 1874 forms a daily swing low. Then a break of the declining trend line will confirm a new daily cycle. The hugh BOW numbers suggest that this could possibly be a shortened intermediate low forming.
Bonds are in their timing band to print a daily cycle low.
The bearish reversal that printed today likely will mark the cycle peak. A break below 121.84 forms a daily swing high and then a break of the daily cycle trend line confirms a daily cycle decline. A peak on day 20 locks in a right translated nature to this daily cycle and we can expect the next daily cycle to print a higher daily cycle high.