Slimsy

Calm before the storm

TVC:US10Y   US Staatsanleihen 10 Jahre
Yields have found resistance and support in the early market yesterday. Today they were poised to go higher but didn't brake through the tripple resistance, a little congestion in the range 3.117 - 3.127. Then again rates found support earlier today and maybe formed a new trendline up. Given current market conditions I don't see rates going much higher. At least for now. Today market is calm but BTFD at the open and then dead cat bound style of move to the close is looking rather uncomfortable. Watch the 45 degrees trendline and triple resistance I mentioned earlier. I would wait for a better opportunity to enter.
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