10 Year T-Note Has Begun Minuette Wave 3

3 Tem

After a double zigzag decline, t-note futures have begun wave 3 up. We should be approaching a small consolidation for micro wave 4, but after that, we should begin micro wave 5 up.

Prices have bounced off of Ichimoku's Leading Span B, as shown:

So this this may be a future area of support.

We also have some fundamental optimism as speculators' expectations for a September rate cut increase.