Friday’s pop through a key midpoint Hidden Pivot at 162^26 was the most bullish sign we’ve seen in this vehicle in a long while. The close slightly above the pivot added further encouragement, but another on Monday would offer more conclusive evidence that the move is for real. Use p2=165^20 as a minimum upside objective if that happens, but no trades are suggested for now. A rally to p2 would equate to a fall in long-term rates to 1.70 from a current 1.88%. ______ UPDATE (Nov 10, 10:34 pm.): If the pullback comes down to the green line (x=159^30), it would trigger a ‘mechanical’ buy with a stop at 157^02. Theoretical entry risk would be $12,620 on four contracts, so you will need to ‘camo’ your way aboard to do the trade. Ask in the chat room if interested.
USZ21 – December T-Bonds (Last:161^28)