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ZN1! trade ideas

Bonds Smash Lows After Inflation DataBonds took a sharp nose dive off increased Fed rate hike expectations and inflation. We smashed through our lowest levels of support and drove deeper into the 126 handle, before finally bottoming out at 125'17, a support level extrapolated from inverse Fibonacci levels, a tool we are relying on more and more, now that we have exhausted all of our lower technical levels. We are seeing a brief pivot off this level, and appear to be making a run for the 126's again. Currently we are meeting resistance at the psychological level of 126'00, with 126'02 providing resistance as confirmed by a red triangle on the KRI. The Kovach OBV has turned even more bearish with the massive selloff yesterday, but does appear to be leveling off with the support. If we are able to break into the 126's again, then 126'11 is sure to provide resistance. Our next target below is 125'07 if we selloff further.
CBOT:ZN1!Short
by quantguy
Bond s may bounce, yields may come downThe 10yr bond market continued to fall today as yields broke the 2% level, highest levels since 2019. The market has been laser focused on the "2%" level in recent months. If you look at the 10yr bonds futures market, the ZN, the bonds have traded down to the 61.8% Fibonacci retracement of the 2018 lows to 2020 highs. This is a key level of support longer term. The triangle pattern max target has nearly been reached too. Since this level is so big (technically) we'd assume there would be a bounce/consolidation near these levels as the bond market also completed an ab=cd pattern. If you are short bonds, You should take note. This was discussed on yesterday's "Trade Off" show hosted by Pepperstone Securities. 
CBOT:ZN1!
by ForexAnalytix
Bonds Test Lower LevelsBonds appeared to be making an effort to attempt higher levels, with a bull wedge pattern forming with an upper bound at 128'10. However, we broke down from this pattern, smashing through the 128 handle into the 127's and then some. The next level of support at 127'22 did little to provide support, though we finally bottomed out for now just above 127'08. Currently, we are seeing a brief pivot with an attempt to break 127'22 from below which is meeting resistance confirmed by two red triangles on the KRI. If we are able to break this level, the next target is 128'01. The Kovach OBV has flattened out suggesting we won't expect much in the way of momentum for now. If we fall further, 127'08 should provide support, then 127'01.
CBOT:ZN1!
by quantguy
Head and Shoulders Breakdown in BondsAfter breaking down from our head and shoulders pattern, bonds have found support at lower levels and have attempted a rebound. The level 127'08 provided good support confirmed by a green triangle on the KRI, and we saw a nice pivot there. We were able to break above 127'22, the next level above before retracing and stabilizing above 127'08 again. It appears that ZN is attempting to stabilize in this area, as we mentioned in the reports. The Kovach OBV has leveled off, so we anticipate the price action to be range bound between these levels.
CBOT:ZN1!
by quantguy
Market Recap and levels to watch for the coming sessionsMorning Jumpstart Macro View 26-01-22 US markets found some buying early only to give way to selling pressure into the close to close the Indexes in negative territory. FOMC is out late in the coming US session which weighed on the market especially tech (Nasdaq). For a deeper look at the price action, key levels and what I see playing out...watch the video and feel free to leave any comments. Thanks for watching and please take some time to check out the website.
CBOT:ZN1!
by TradeTheStructure
Bonds Rally with the Stock SelloffBonds have gotten a lift off the selloff in stocks. An influx of risk off sentiment gave ZN a much needed lift back to the 128 handle. We had dipped in the very lows of the 127 handle, and were appearing to get ready to break into the 126's, when the fallout from stocks caused a notable risk off shift. We have broken through our level at 127'22. As predicted yesterday, we crossed the vacuum zone and touched 128'10, the first level in the 128 handle, before retracing slightly. At the time of this writing, we are hovering just under this level. We will see if the fallout in stocks continues today, in which case, we can expect higher levels, the next target being 128'24. The Kovach OBV has turned solidly bullish, likely a bit more than it would if this were just a simple relief rally. But if the selloff continues, 127'22 and 127'08 are the next targets to the down side.
CBOT:ZN1!Long
by quantguy