10Y T-Note - More up, or was it a lower high? Watch 129,10
Previous bullish continuation idea worked very well. However we have some hesitation here again as market is gigesting FED statement and comments from FED officials.
Weekly:
- The trend is still up, but it looks like Price is struggling to make a new high. If by tomorrow close haDelta still stays below SMA3, then next week we may see some pull back down again.
Daily:
- Trend is still bullish, but for the last three days we saw only hesitation in a very thin range in form of three small red body candles. haDelta/SMA3 is below zero line and points down.
- Bulls need to push it higher above 129,55 to keep it bullish. otherwise below Tenkan Sen and trendline (below 129,15) sellers would take control.
Unfortunately I can not put on a 4H chart here, but there the Kumo bottom and 100 WMA is ard 129,10. Should that break, it will be a short opportunity.
Weekly:
- The trend is still up, but it looks like Price is struggling to make a new high. If by tomorrow close haDelta still stays below SMA3, then next week we may see some pull back down again.
Daily:
- Trend is still bullish, but for the last three days we saw only hesitation in a very thin range in form of three small red body candles. haDelta/SMA3 is below zero line and points down.
- Bulls need to push it higher above 129,55 to keep it bullish. otherwise below Tenkan Sen and trendline (below 129,15) sellers would take control.
Unfortunately I can not put on a 4H chart here, but there the Kumo bottom and 100 WMA is ard 129,10. Should that break, it will be a short opportunity.
