We could see a rebound in the short term (risk off coming with double top on Nasdaq ?) but we believe that we will see lower prices this year in the bond market.
Ultra Bonds have tagged 248'27 on March 9, when 10-year Treasuries reached all time lows of 0.318%. Given that markets have somehow stabilized since then but we are not out of the woods and we may again retest lows in equities, UB could be expected to be bid again
Trading Signal
Short Position (EP) : 161.625
Stop Loss (SL) : 162.28125
Take Profit (TP) : 160.3125
Description
UDH2019 formed Turtle Soup Sell at 1d time frame. Trade setup with Sell Stop at 0.382 Level (161.625) and place stop after 0.618 level (162.28125). Once the position was hit, place take profit before an agreement (160.3125)
Money Management ...