It was the number line divergenece King...it gave it away! Into the monthly a down it lined up. Now you ready to come and get back into this market?
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
http://www.elitetrader.com/vb/showt...6934&highlight=bells+and+whistles#post3266934 a couple of attempts to explain it,the prev chart was just trendline supp/res,i watch mp along with it,the bonds are off the chart for mp at the moment
here's an example of oil not reaching tl supp but hit a nip in mp and rallied weakly today compared to the overall market and stopped at another nip, nip to nip,just another area of supp and res to watch along with your a ups/downs, trendlines,ew,fibs.