- Weekly triangle upper line is at 3.45%. Closed right on it tonight.
- Tomorrow's (EOW Friday) close is crucial. Above 3.45% = Triangle breakout pointing to objective of around 3.77%, which takes us above long term trendline resistance on monthly chart at 3.66%.
- Get ready to forget about prohibitive negative carry and go with the break.
2 comments:
Move last night driven by strong US data :=
Initial jobless claims -37k to 404k
Dec Existing Home Sales +12.3%
Initiated fresh short TYH1 @ average price 119-27. Jumping the gun a bit.
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