It’s pick a swing day. 130 +- a few…131+- a few ticks
are the major retracement levels coming back up in the 30 Yr. Bond futures
from the 125.18 double bottom and our exit area ( app. 138.20 ish in the TBT)
On the Nov. 15th close.
I am looking to sell this Rally in the bonds and buy the TBT again. The level I would suggest in the
TBT is 34.45-65 for the lowest risk trade.
The Spu/Bond spread has been in full swing the past few days ( Short stocks/long Treasuries)
Short term traders need to pay attention to their time frames and Chart patterns. I.E. the possible double bottom
in the Spu @ 1082.50.
