ES getting to that monthly A up here at 1403.
Quote from Shanb:
Ok I think this is the most interesting chart of the month. So the 30 year(ZB) recently made it up to the quarter and failed. I also had a very telling situation in the numberline there. I keep a numberline for tbt which is essentially the inverse ETF.
The push in November to the highs and this current push have created a huge divergence in my 30 day. This same situation market the lows in the equity market last month.
Everyone trading should be watching the bonds right now, the price action is very important!
Quote from Shanb:
I talked about the numberline divergence over 3 weeks ago in the bond market. Same situation occurred with X at the quarter Adown. The numberlines don't lie people. Very important to watch for divergence between price and the number lines at key levels. Bonds have come off hard since we tested and failed into the quarter aup.