Were looking for a 3-4 point break in the 30 Yr. futures into the low 115’s. Futures traders sell any rallies back towards Dr. Nenner’s model level of 119.22 with a tight stop.

ETF Traders ….(TBT) As long as the TBT closes above 37.44 you can be long. The true stop is a close below 36.80. We doubt we will give it that much.

We’ve already traveled some distance from the breakdown level so adjust your size and risk accordingly. Get into your short term maps to see if you can codify your risk.