ridethepig

..an attempt to showcase the flattening

Short
Flattening for the close. Getting a couple of questions re; flattening after the hints in previous idea, for those following 10s30s you will notice the test of 55/54bps is underway.

↳ The latest breakdown is implying we are at the minimum here in an ABC expectation leg towards support
Inflation readings will be key to drive this one, this is signalling a dangerous environment for equities and risk in general going into September.
↳ To the other side, buyers will need to break through 11th May highs to call for reassessment in the flattening view.


Trade closed: target reached