US T Note 10 Year Future 6-2

T-Note, Eurodollar Spikes First Approached as Corrective

Posted on 2/6/2018 9:27 AM by Dave Toth

MAR 10-Yr T-NOTES

Against the backdrop of an arguable secular bear trend in T-note prices, traders are advised to first approach yesterday’s admittedly extensive 2-figure recovery as a knee-jerk and corrective reaction to the recent equity market spasm.  We cannot ignore yesterday’s 120.18 resulting low as one of developing importance, but as we’ll show below, yesterday’s 1/32nd poke above 24-Jan’s 122.175 high and our short-term risk parameter is questionable as evidence to conclude yesterday’s 120.18 low as one of a more significant scale.  Per such and from an intra-day perspective we believe overnight’s 122.19 high serves as a new short-term risk parameter from which shorter-term traders can rebase and manage the risk of a still-advised bearish policy.

US T Note 10 year

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