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Ultra
- Thread starter murrica
- Start date
Quote from murrica:
Whoa.
Support /ZF looks like 119'072 - 080.
Support /ZN ~123'180.
/ZB retest down to 130'00 - 130'10.
Will watch the above for signals on /UB.
edit: also watching for poss. dbl. btm. on /ZT ~119'245-250.
These support levels were good guidelines.. however, the lesson learned is to always be aware of when the continuous chart will roll.. this could have helped me identify support well in advance by extrapolating based on the future month's data that was to appear Sunday on the continuous charts (/ZT /ZF /ZN /ZB).
Good trading to all.
Quote from murrica:
These support levels were good guidelines.. however, the lesson learned is to always be aware of when the continuous chart will roll.. this could have helped me identify support well in advance by extrapolating based on the future month's data that was to appear Sunday on the continuous charts (/ZT /ZF /ZN /ZB).
Good trading to all.
My outlook on bonds has been really off-the-mark thus far since starting this thread. While I was able to identify the short term support levels, each time this lead to a very weak move (just retraces in a longer term downtrend), each being progressively stronger, however.. and now we hit new lows, overall, after the most recent call.
Having said that, ZB shows a very clean and obvious falling wedge. Looking to go long from here to 127'08-127'16 (very approx., might be wider). Not sure on the target but looking for some type of dead cat shakeout in the coming months. Risk is fairly well-defined around these levels on the 30 year.
Overall, strategy is to look at resist. levels on N225 index, as well as NDX futures (NQ) first and foremost, along with other resist. levels on spoos and others. Expecting market top to correlate with some type of bottom in bonds in the coming days to weeks, assuming we have not gotten there, yet.
This is not trading advice, and is only for informational purposes.
Good trading to all.
The other level to watch for ZB is around 125, assuming we drop hard in the coming days/weeks (i.e. falling wedge continuation). If the drop is a bit later than that, this number would be revised to be slightly higher.
For ZB, 125 is a very strong uptrend support level. Will be interesting to see how things play out.
For ZB, 125 is a very strong uptrend support level. Will be interesting to see how things play out.