znafter hitting the 1st tp area , the ZN is on the way to the next support , you could take your profits once the price touch the drawn suport or buy it from there
Zn1
Futures Levels | Look Ahead For the Week of Aug 8Nothing to see here except for an $80 drop in Gold Futures to start the week! So is the yellow metal flashing red for the markets? For now, the selling in GC1! stopped at the double bottoms from back in March/April, and as of the time of this posting GC is now down only about 1%. V-bottoms, V-bottoms, talk about head fakes, this market's got 'em!
𝗕𝗼𝗻𝗱𝘀 𝗨𝗽𝗱𝗮𝘁𝗲: $TLT Daily. Bearish Divergence ⚠️𝗕𝗼𝗻𝗱𝘀 𝗨𝗽𝗱𝗮𝘁𝗲: $TLT Daily. Based at 135 support area and now testing 200dma. Above can go higher, but bearish divergence ⚠️ so could top
$TNX $ZB_F $ZN_F $SPY $SPX $ES_F $VIX $QQQ $NDX $NQ_F $GLD $GDX $DXY #Bonds #Stocks #Trading
ZNIf we break the trading range ( Rectangle ) with force and high volumes then we could have a trend.
If it breaks with a big green candlestick and high green volume then we could buy it.
If it breaks with a big red candlestick and high red volume then we could sell it.
10Y T-NOTES FUTURESThe downtrend continue
Squeeze some dollars by shorting the contract
next stop indicated in the chart
ZN1! uptrend soon?Since the spectacular crash beginning in mid-Feb on fears of rate hike, seems like 10yr Treasury futures have found a bottom at around 130'27, and could be ready for a move up.
Movement since Feb 2021
While the chart showed some cracks since around 11 Feb (following a false double bottom in the daily chart), the big drop took place on 26 Feb, by closing 47 points below previous close at 133'21.5.
Since then, each subsequent wave has been shallower, with bottom found at around 130'27. and it is now ~1.4 dollars higher at 132'09. I would say the aforementioned bottom has been confirmed as price had rebounded to above the 10sma and 20sma, albeit retraced slightly after approaching the 40sma.
What next?
Imo the 10yr UST futures may pull back further to around 131'21 (ie below the 10 and 20sma), before starting an uptrend move. I would say 134 before end of May seems plausible at this juncture.
Would consider my view a fail if price drops below 131'15 and no rebound thereafter.
Let's see.
𝗖𝗵𝗮𝗿𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗠𝗼𝗻𝘁𝗵: $TLT / $SPY Monthly. Key TestAll the way back down to blue TL. Could we see a reaction and get a #bond bounce?
$TNX $ZN_F $GLD $GC_F $GDX $DXY $SPY $SPX $ES_F $VIX $QQQ $NQ_F $DIA #Trading #Stocks #StockMarket 📈
Elliott Wave: 10Y US Notes Is Finishing Five-Wave CycleHello traders!
10 Year US notes made a bigger decline recently, a clear impulse weakness down from start of the year which can be coming into late stages as we see price in wave five, but with room for 130'00. At the same time we see divergence on the Elliott wave oscillator, but with room for slightly more weakness to complete wave 5 cycle with a potential divergence.
