ThunderTake
1) Two indicators at play here, firstly the daily TD sequential indicated a price flip from a red 9 to a green 1. However, it was followed up by a red 1 which is currently in play. As markets have already closed this red 1 is expected to continue.
Will be looking out for a red 2 below a red 1 for confirmation.
2) Additionally, purplish dots for the past 4 days signifies a spyder 3-weekly resistance level. Forcing yields to trade within this tight range.
Longer term chart observations: Double top
Fundamentals: The equity market has also sold off, some in cash will seek to purchase 2/10 year bonds forcing yields lower.
1) Two indicators at play here, firstly the daily TD sequential indicated a price flip from a red 9 to a green 1. However, it was followed up by a red 1 which is currently in play. As markets have already closed this red 1 is expected to continue.
Will be looking out for a red 2 below a red 1 for confirmation.
2) Additionally, purplish dots for the past 4 days signifies a spyder 3-weekly resistance level. Forcing yields to trade within this tight range.
Longer term chart observations: Double top
Fundamentals: The equity market has also sold off, some in cash will seek to purchase 2/10 year bonds forcing yields lower.