UST 10 Year Note : On the Cusp

• ZNZ4 at 124-22, sitting right on a support line on the weekly chart, in front of FOMC meeting on Sep 16-17. Potential game changer in the works?
• Inability to hold onto rally given last Friday's << expected NFP (+142k only) is telling.
• Bear case is building, slowly but surely.
• Sticking with large core short EDZ6 for now. Patiently waiting for ZNZ4 breakdown before increasing exposure to short US Rates instruments. This is one (ZN) that I do not need to rush into (or rather, already have it).