The Hidden Pivot support at 118^22 where I’d recommended bottom-fishing worked precisely, catapaulting bonds to a 1^02-point rally from a low of 118^20. Since a three-tick stop-loss was suggested, risk:reward was highly favorable for an exit or partial-profit taking above 118^31. The bonds came back down after this gratuitous spike, but they had not taken out the 118^20 low as of late Thursday night.
Ads are by Google and do not represent the views of Rick's Picks or its affiliates.
Comments on this entry are closed.