Tighten T-Note, Eurodollar Bear Risk Levels 28-2

Posted on 2/28/2018 7:42 AM by Dave Toth

MAR 10-Yr T-NOTES

Thus far the recent recovery attempt from 15-Feb’s 120.01 low to Mon’s 121.005 high is only a 3-wave affair as labeled in the 240-min chart below.  Left unaltered by a recovery above 121.00 that we’re considering our new short-term risk parameter, this 3-wave rebound is considered another correction within the major downtrend and ahead of resumed losses.  The Fibonacci fact that Mon’s 121.005 high was the exact 38.2% retrace of early-Feb’s 122.19 – 120.01-portion of the bear would seem to reinforce this bearish count.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s