30 March 2012

US 10yr Notes : Sell

  • This is qualitatively similar in substance to the weekly corn chart from the previous post.
  • TYc1 (= ZNc1) weekly : Triple top = uptrend reversal with neckline around 130 broken 2 weeks ago. Currently pull-back to high tonight of 129-31, which is a low risk-reward short entry.
  • [Corn = SHS top ; TY = triple top; both pull-back to respective NLs; Corn has run ahead now]
  • New trade : Sold TYM2 @ 129-28.
  • For future reference : Below 128-00 we would be looking at a massive Double Top on the weekly.

2 comments:

Peter Lee said...

Good to have you back!

Taichiseal said...

:)