Registered: Feb 2007
06-07-12 02:52 AM
pretty simple compared to your analysis,but the 148 bonds is a broken res now supp,we'll see,they never reached the upper res at 153 1/2
Quote from Shanb:
Like I mentioned before the Lines in the Sand have been drawn. ZB 148 handle, EUR 1.26, and ES is at a key critical area that if broken will likely lead to more upside bias. One really key point is that we have reached these levels so early in the month and if we pop we could have a good move this month.
I keep a rolling numberline of XIV and for the first time in a while we got back to the 0 line. I have found that a change from negative to positive and vice versa can lead a trend change in markets.
Also everyone seems to be doubting this bounce because there is no news behind it. Many times those moves are among the strongest moves! After looking over stuff after the close I am leading more to us breaking these levels, but again they are decision areas and we will see how they react!
2012-06-06-tos_charts.png bonds 148.png
This has been downloaded 61 time(s).