Note to self: wait for true reversal... markets fooling the majority... as usual. You look at the Hourly and it looks like another cycle in the range...
2357, 50% of gap, could be targeted. Keep an eye on 2.27% on the ten. 2368.25 is the current fulcrum.
68.25 holding, we did not quite get down to that 57 level. Bullish, but somehow feels like unfinished business to the downside today, ES not even getting down to R2. But heck, they sold ZN at 2.27%, so that is risk on.
tip: once the deal closes, European banks have to sell all those euros they bought for the stress test (the herd does not get this, they wonder why the euro rallied the past few weeks: banks sold off assets and shored up their capital in order to pass the test, driving the euro up). Note also the JPY/USD bid today, that is not bullish.
Embarking on something new, the goal being to reach 1 of 3 results only from EVERY trade.. Stop, B/E+1, or Target 1. My reports from here should show nothing else. Today had perfect in-trade management. (last trade held for nearly 2 hours). Second trade went to +8 points before B/E. Was a bit too exited early and cost was 3 stops -- will reduce to 3 points in the future. Would have liked to hold last trade till EOD but Target 1 it is and meetings beckon. +7.62 points for the day.