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Don't Get Caught In The Cookie Jar
Nice move yesterday on the 10year. We still have some unfinished hourly targets, but I am not married to them reaching 2.74 -- this was good enough
Have to be careful with jumping on the long bond trade after just a couple of up closes. Remember, bonds very rarely "V" and typically have nice bottoming price action before the real move is made. Calling for a pivot here on a fundamental bear market in bonds takes conviction -- which I don't really see from a price action standpoint. In fact, shorting consecutive up closes / higher highs has been a fantastic trade. Keep a level head.
The first step would be for notes to even break above a downtrend.
Crude gameplan still playing out but a medium term bounce here would line up with rates going back to their "inflationary regime". We reached the first target last week but higher time frame we still have work to do lower. Don't get in trouble in between.
This one has targets down to the 80 area but the 50EMA is holding so far this week.
Nasdaq REI up on daily TDST after completing 13 bottoms in March
Hange Seng 13 sequential next bar on the 61.8%
Dax closed with a "triple threat" pattern on Monday and holding the 38.2%
ETH back to the 20/50 EMA. Qualified TDST breakouts from the bottom. This is coiled up and waiting. I would be a buyer once its back above 3055 for completion of upside 13 counts.
Same deal on Bitcoin, 42000 is the area for high conviction longs. So far we are just ping ponging between TDST and the 20/50 EMA
ARKK weekly buy setup risk levels in play