- My keen interest currently in US10YY double top formation. Long TY is a position I would like to build upon, but mindful of over-pyramiding.
- Chart of TY front month continuation contract here. Current levels = Fresh break lifting prices clear of resistance. Stop on a close back below 121-26. Much upside potential from look of chart.
- Implicit positive carry, duration rolls down, bet on double dip. Easier trade than alternative of shorting S&P I guess.
- Strong price action last week suggests that my hope of adding on at around 3.20% is not going to happen. Next technical level to watch out for = downside break of 2.88% (which I reckon corresponds to 123-17 for TYU0).
No comments:
Post a Comment