Is the 60 yr cycle ending?

Recap & Stance:

Light volume struggle day and the EW counts are all over the place. So lets keep it simple, if we take out today's lows we are going down. To be bullish, we need to take out today's highs. This weeks encompasses our topping date, so we will be a wee bit more careful

Trades:

Short ABX as noted yesterday. It looks like the precious metals are in wave 3 of some sort as discussed.

Still holding SPY calls. Will let go if today's lows are taken out.

Potential trades:

Above is a chart of TBT which tracks the inverse of the long T bond. Bonds have been in a bull market since 1981 (almost 30 years). As far as cycles, I believe the bond market has a 60 yr cycle trough to trough. Rates are at historic lows. Could this have been the bottom?

We don't know. 

What we have though is a "safe-ish" long picture. The stop is below the parallel channel. For the more conservative, it would be better to wait for a break above this channel.

According to our count now, we have seen waves (i) or (a) and have been in a lengthy consolidation phase, accounting for wave (ii) or (b). We are betting on a wave (iii) or wave (c) which should take TBT atleast to 55 or so.