"Risk-Asset" indicator likely needs a wave 5 drop!10-Year T-Note FuturesCBOT_DL:ZN1!ScotThomsen1 hour ago 1). Apparently, Powell has committed to a 3rd. Rate-cut in Dec., which is typically great for Risk Assets! 2). Wave 5 needs the drop! 3). Volume is dropping! 4). Huge trend resistance! 5). The 72.8% Fib level is providing Supply and likely going to make it to the lower 61.8 Golden ratio! 6). When the lower correction is over... X-mas rally may begin early! 24 minutes ago Note The Bond market is typically a "Risk-Asset" barometer, which tends to move with a Lag on market Fundamentals... 22 minutes ago Note We think the "Risk-Asset" Xmas rally could begin at the bottom of wave 5!