Doesn't matter what we do - $TLT $TNX if flat
Updated
Based on the chart analysis - our two options both result in the same location. If we are bullish on rates, then rates will increase and see heavy resistance on the upper side. On the same right, if we drop lower, we will see heavy resistance there as well. My expectation is that rates are the same for the immediate future.
Trade closed: target reached
Flat trading as expected. bottom is still at 4% for the time being, Fed meeting is the next catalyst Wednesday 1/31.
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