The 12/15/16 Morning Update

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Bonds are down over 18% since July.

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Bonds have been in a long term uptrend. This uptrend has been marked by bonds printing a multi year low approximately every 3 years. Bonds are now due for their next 3 year low.

Bonds printed a lower low on Wednesday. The previous 2 daily bond cycles stretched to 39 days and 30 days respectively and the current daily cycle has now stretched to 33 days. Bonds need to form a swing low and a close above the 10 day MA signal a new daily cycle. And once a new daily cycle begins, the odds are good that it will signal a new 3 year cycle as well.

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