1Creekdoc

2 YR TREASURY NOTE BREAK OUT PENDING POST CORRECTION

Long
CBOT:ZTM2019   2-Year T-Note Futures (Jun 2019)
THE BOND MARKET seems to be indicating possible economic slow down - this appears to be world wide phenomenon - this favors the 2 Yr treasury the most in the near-term - a breakout from a descending wedge is a possible way this could occur - a recent correction after a long rally has occurred - this might present an opportunity to joint the trade - the contract is a $200,000 contract at CME - quite high for many traders - the 10 year might be a better way to play it ($100,000) per contract. There may be treasury BULL ETFs as a way to play it safer or merely writing calls on TLT (20 year ETF) could be another way to play this. I am quite bullish bonds. This is trade is purely macro per Raoul Pal at Real Vision but I noticed the descending wedge formation. This was an amazing call at the time. There is likely more room to run in the LONG BOND trade as there is a flight to safety for capital in a market which is either agnostic or slowing down potentially.

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