10 Yr weekly

The 10 year ran at the weekly upside objective on the Aug, 8 pattern last Friday. The market stopped short of the 127.10 objective. This week has seen a slow grind down into the weekly trap gap Of 126.02 to 125.28. The short base took a licking last week as war news went viral.

The POC (point of control) for the long side is 125.22. A settle below there on Friday would be significant given the "soft" J-Hole tilt being floated over the market. A hold and breach early next week seems more likely.

Leave a Reply

Your email address will not be published. Required fields are marked *