TYM10 – June Ten-Year Notes (Last:116^29)

An attractive intraday pattern in the ten-year Treasury notes might offer a shorting opportunity at its D target of 117^15, which is just above the midpoint of an emerging pattern on the daily chart.  Traders should short at 117^13 with a stop at 117^17, risking $125.  The daily pattern begins at 115^14.5; the intraday pattern is shown in the attached chart.  If the C point of 116^24.5 is revisited, cancel the trade.  _______ UPDATEThe futures went lower, negating the trade. (Posted by Doug McLagan)