RSI entering a former resistance area. price at lower trend channel
mid term up-trend still intact. Stop-Buy: 11.39 Target1: 11.93 Target2: 12.28 stop: 10.82
treasuries are not really sex, but despite the new alltime high in the dow jones they still show strengh and show respect to the medium term trend chanel. nice setup!
allthough us stocks make new highs, treasuries did not make new low, indicating some technical strength. treasuries are still in a midterm uptrend.
The corrective down move might be finished above 0.95433, Take profit at 0.96682. Stop loss at 0.94637. The idea will be invalid with RSI <35 or 0.94637 before stop buy is reached.