I sold USAH ( the 30 Yr. Bond Futures) as a surrogate Long Equity Trade.
We’re short @ 132.31. We are risking 6 ticks ( $187.5 x 4 = $750) to see if I’m correct.
The better resistance is up at 133.19.
This is plain and simple an opening range trade based of the Equity Indices, which opened lower and held.
It’s going to take a while to see which instrument is running the show.
Again I’m legging one side of the Spu/Bond spread for a Risk On bias.
