Short term target is set to test 4.64 to 4.83 with 5.00 Hopefully support will prop the bullish flavour at 4.31
We are now at a key area that is going to be interesting. The 0.764 fib in line with the rising trend line. A break lower will see a 1.277 as a nice target following 1.28
Simple long in play... the key will be macro USD data and where to enter.
We are looking at a potential break of a rising trend... this is looking like it may expose a move towards 0.9817-0.9825
Key level @ 94.45 within a tightening range, downside is favourable... however is 94.45 holds a break up might lead to upside towards 98.00 and beyond.
Expecting bounce @ 1424, failure to hold will result in dive toward 1322. Upside target at 1526.
Bounce then downside... question is where is the bounce stopping? #INFI
The correlation between $SPX and $TLT is for the past 12 months in -0.716 setting up for short is bounce in bond market arrives
Loading short, will add to position on any major lift in value.