Big Long opportunity for ZBVery large value area + demand zone play as ZB is approaching new lows. Both of those drawn on the chart. Looking for longs at 174'02 but my favorite place to go long would be 173'02. Once it bounces, expect a pullback from the down move at least to previous swing lows and VAL of yesterday at 175'08. For stops go for 8 ticks (based on lower timeframe structure at the top of area not shown on this chart, if they get broken then we cut the trade expecting a swing lower down the macro value area)
Zb1
Looking For Confirmation in the EurodollarIf the top in Bonds is in - then why is the eurodollar above its March high? Could be indicative of an additional leg to this bond market rally