Posted on 9/6/2017 8:52 AM by Dave Toth
DEC 10-Yr T-NOTES
Yesterday’s break above 29-Aug’s 127.105 high reaffirms the developing uptrend and leaves Fri’s 126.19 low in its wake as the latest smaller-degree corrective low the market is now required to fail below threaten the advance. In this regard 126.19 is considered our new short-term risk parameter from which which shorter-term traders can objectively rebase and manage the risk of a bullish policy and exposure. Former 127-1/4-to 127.00-range resistance is considered new near-term support.