Coming up on major resistance in schatz. 105.045 seems to be the spot. I think the market is starting to lose some steam. Treasuries imo will be brought down by the front end of the curve. I think if we can break todays lows tomorrow we are set up for a few days of nice selling pressure. YT
I don't know who this question is focused towards and I apologize if it wasn't aimed toward me. My trading hours are from around 3am cst-7am cst so I did not see that move in real time but im sure as always some people made a ton and some lost a ton. Funny how at the time your talking about when we broke out of that trend volume just dropped off in the schatz. Weird? That trend really screwed with me today though. I tried to fade it around 6:40 but we just kept running higher so they got me out for a decent size loss. Both schatz and bobl had heavy bids underneath them (87-87.5 schatz) but I figured with that trend along with those heavy bids it would be too obvious that there would be plenty of sell stops underneath 87 or so on the schatz. I figured some bigger players would at least try to push for those stops and they were using those big bids to simply sucker in the small players. Well lol that didn't turn out to be the case and we kept uptrending until around 10:00 which is the time your talking about. Interesting indeed. Thoughts on today's action in the eurex treasuries?
Just taking a closer look at today's action in the schatz and from what I can see that last break we had late in the session through 104.87 was a very key break. I think we could test 104.70 very soon (maybe even tomorrow). The only thing im wondering about like I said was that when we broke we broke on such little volume it was scary! But volume was high around 104.94 so maybe the small volume shouldn't matter so much. Just my 2 cents
Well I hope you are right. I just sold the put part of my straddle and then sold a future against my long call. It is already at near breakeven hopefully the leg down will make this a good day.
long schatz at 84. Looking to take profit at 865. Thought we were gonna break lower but we got heavy bids around 83. Im looking for one more trend up in this small uptrend we have going and then I think we will break.