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These Corrections Are Not Finished Yet


If we transcend our hourly work to a more extended timeframe, what we see is that both the sharp decline in the e-SPU and the sharp climb in Yield have been confirmed by my RSI momentum gauges.

This means that any counter-trend moves (up in the e-SPU, and down in Yield) likely will be short-lived ahead of trend resumption to a new reaction low in the e-SPU (target zone: 1530/20) and to a new rally peak in Yield (target zone: 2.80%-3.00%).

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