A nice area of institutional demand has formed around 19500-19450 on the NQ when looking at the 30min time frame. Long entry set up for 1 contract at 19500 with initial stop at 19325. More updates to follow.
Overall I feel yields will be rising rather than falling, I am not concerned of what the catalyst might be to cause this but simply following the price action particularly on the 10YR Yield. So that being said I am bearish the 30YR treasury. However, if price retraces down to the lower zone drawn (113) we could see a nice rally up to the higher/larger zone drawn....
