Bonds retraced a little to test initial support at 179^28 which may be enough though I suspect they need to travel sideways a bit more before pressing for 182^06.
The S&P futures were under pressure overnight but have recovered into this morning.
Bonds were held back by the daily moving averages in the day session but are pushing past in the early hours of Friday as I type.
We have a holiday shortened week coming up this week. No posts on Monday but back to normal schedule Tuesday morning. Now onto the charts.
Another week of bonds trading in the range it has in for about two months now.
Yet another week of not that much change in bonds.
Hit your targetsWe believe an independent trader can succeed and profit in the markets, and we’re committed to helping our subscribers trade well on the time frame that best suits them. We founded Trading On The Mark in 2008 to help traders overcome some of the challenges of market analysis and trade execution. If trading futures and options based on technical analysis appeals to you, then you’re the kind of trader we want to work with.
TOTM’s technical approach is grounded in Elliott wave and Gann techniques, while also making use of Fibonacci relationships in price and time, historical cycles analysis, proprietary technical indicators, and other more esoteric methods.
What people say about TOTM
If you love trading, I highly recommend Tradingonthemark! Tom, Kurt offer great charts and other technical stuff. It has improved my trading! — Moiz, intraday trader and long-time subscriber