Strategy 16 October 2013 |
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December 10Y T-Notes recently failed slightly below the 50% retracement of the May-to-September decline at 126-295 and are now trading back around the 38.2% Fibonacci retracement at 125-26.
Our anticipated down leg towards the 200 week moving average at 119-20 should have begun last week.
The first downside target can be seen along the 55 day moving average at 124-26, followed by the 123-235 September 18 low.
We will maintain our bearish forecast while the futures contract trades below the 50% retracement at 126-295.
Above it meanders the 200 day moving average at 127-13.
ACI DEALING CERTIFICATE TRAINING
