11 September 2009

US10YY : Buy TYZ9 against 3.44% stop

  • Hard time calling this recently but chart pattern finally appears ripe for a low risk reward trade now
  • Back below weekly UpTL again after false break last week
  • Last 3.36% vs UpTL at 3.44% (next week)
  • More significant chart points below at 3.26%, 3.11% and 3.06%
  • Stop on close back above 3.44%
  • Instead of adding onto Bunds/UST, I think I will try going outright long TYZ9. Searching for an entry point today.

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