We Indicated the 10 Year Note Yield would initially retest the Highs
several months back.
We can see the APEX resides at the Prior Highs.
The effort will be a multi-week affair, although as ROCs continue
to build we are beginning to see Wider spread within the FIB Wave,
indicating caution at a Resistance of 1.645%.
The DX is benefitting from this as GOLD begins to SELL once again.
It's time to pay attention very closely to the Bond Complex - it remains
at Risk for now and the unexpected is shaking the confidence of a great
number of Retail Traders who piled back into TLT on the aspirations of
yet another Large Bull run to 172.
Probability, 007s - is not on your side.
The coming Reaction will provide some very real indications over the coming
weeks. We can see the effects upon the NQ this morning.
As 8 AM ET approaches, let's see how the Bond Complex begins its Position for the
Week ahead.
New2021 Lows for ZN as Financials appear to have made a Double Top.
Trade safe out there, speculators. The past is not Prologue.
several months back.
We can see the APEX resides at the Prior Highs.
The effort will be a multi-week affair, although as ROCs continue
to build we are beginning to see Wider spread within the FIB Wave,
indicating caution at a Resistance of 1.645%.
The DX is benefitting from this as GOLD begins to SELL once again.
It's time to pay attention very closely to the Bond Complex - it remains
at Risk for now and the unexpected is shaking the confidence of a great
number of Retail Traders who piled back into TLT on the aspirations of
yet another Large Bull run to 172.
Probability, 007s - is not on your side.
The coming Reaction will provide some very real indications over the coming
weeks. We can see the effects upon the NQ this morning.
As 8 AM ET approaches, let's see how the Bond Complex begins its Position for the
Week ahead.
New2021 Lows for ZN as Financials appear to have made a Double Top.
Trade safe out there, speculators. The past is not Prologue.
Comment:
TNX - A result of lack of 8 AM EST lack of participation in the Bond Opening Bids.