The bounce from 1.50% support was widely expected, here noting the key levels for our map:
Support: 1.50% / 1.45% / 1.32%
Resistance : 1.68% / 1.75% / 1.95%
What is typical of the big leagues, and this of course is no exception in US10Y which is where the biggest sharks are found, it is and will remain advanced playing fields for advanced swing traders only. Retail making use of the weekly close looking soft and betting on the continuation will provide the fuel for a spike as they cover and become trapped in a squeeze. Remember..even when smart money appears to have a gun pointed at the head, it always finds the time to mass his troops in defence (now you see why this weekend was vital!!!!)... If you are keen to learn, you should model yourself around these premises.
All the best guys, and as usual thanks so much for keeping your support coming with likes, comments, charts, questions and etc!!