WellTrainedMonkey

Chart of the Day: $TYA hits ABCD target

CBOT:TY1!   None
$TYA hits an ABCD price objective in spectacular fashion as Trump enlarges the trade war to include Mexico. Not sure what would cause a sell-off in bonds, but the fact the $TYA hit the ABCD target in such an explosive manner as we head into the last trading day of the month and new SSRs being set, makes me do a double and want to take money off the table. Looking across to equities which have been selling off for a month and $ESA recently breached the crucial 2800 level together with the SOX trading at a key congestion zone, I would not be surprised to seem some near-term strength in equities and weakness in $TYA.

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