Follow the Bonds..Thank you Yellen for the hawkish comments to bolster our Euro short.
30 yr. Bonds…Daily Continuation
30 yr. Bonds Weekly continuation.
30 yr. Bonds Weekly Active daily Continuation….currently trading @ weekly ORL level 153.16.
Pay attention to how different the weekly charts look. The Active weekly forced rolled December Futures at the beginning of the Month when they became front month.
It currently shows a potential ORL pattern on the weekly.
Caution! 153.19 is one of these levels that just don’t go away, so trading here will be sticky.
152.31 is the 200 DMA.
Euro is coming into the top of the cloud and its 200WMA.
Don’t indiscriminately chase this weakness.
Risk spreads are all positive with the Bonds leading.