On an funereally slow Friday, we found interesting things to observe, including ‘technicals’ for Treasurys and a way to trade them that morning from the long side. The timely set-up we looked at did not trigger during the session, but we observed it in sufficient detail that it will be worth your while to ponder the camouflage aspects of the trade. The E-Mini S&Ps were up the equivalent of nearly 90 Dow points, but there were sound technical reasons for inferring they would make little further headway that day.
