You have to understand that we have been in the 1260-1270 area there are so many levels of support and resistance built up it is like driving down a rocky road, bumps and rocks at almost every level NOW we break 1260 and NOTHING there but small area at 1256 1250 is big and I said in video a few days ago a 1262.50 break would be a market structure sell on a daily chart and 1234 on a weekly chart would be real bad So we have 1250 to hold us right now !
No kidding even though we where ready for it, it still scary I have been saying for 2 weeks, WATCH THE BONDS I HAVE SAID IT EVERY DAY IN THE ROOM 10 YEAR YIELD HAS TANKED OVER THE PAST 2 WEEKS The saying is, bond traders are smarter than stock traders and the bonds have been in a big uptrend
My new sell zone for Friday was @ 1231 we are in it now.........lol Target is 1220 area They hitting this market hard that for sure I will post the video and levels later tonight
<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/EmzFB83es7g&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/EmzFB83es7g&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object> Video for Friday