Top Notch Trading 04/27/16

TOP NOTCH TRADING

“THE FUTURES DEFINED”

A DAILY TECHNICAL APPROACH TO 30 YEAR BOND FUTURES

FOR INFORMATION: E-MAIL- haefketim@gmail.com 04/27/16

 

 

USM

GLOBEX OPEN – 161.08

164.24*
164.01*
163.17*
163.02* Res.- 162.02?, 162.11, 162.21, & 163.02
162.21 FIB -2
162.11 MINOR T-LINE
162.10 FIB -1 Sup.- 161.06, 160.21, 160.17, & 160.11
162.02 #
161.30 YEST. HIGH
161.17 PIVOTAL
161.14 > THIS FUTURE STRUGGLES AS THE EROSION KEPT
161.07 YEST. SETTLE PACE WITH ANOTHER DAY THAT MADE A LOWER LOW
161.06 v FROM THE PREVIOUS SESSION. IT TALLIES EIGHT
161.00 < / 160.31 YEST. LOW SESSIONS IN A ROW THIS SCENARIO HAS TAKEN
160.21 WEEKLY FIB PLACE AS IT LOOKS FOR A NEEDED “RELIEF” BOUNCE
160.19 FIB -1 MOVING FORWARD. HOWEVER, THIS IS DAY TWO OF
160.17 # THE FED MEETING WHICH ENDS TODAY WITH AN
160.11 -100 DAY M.A. ANNOUNCEMENT SET FOR A 1:00 P.M. RELEASE.
160.08 FIB -2 IT BECOMES SUSPECT TO A FUNDAMENTAL SIDE
159.28* / 159.13* WITH THIS RELEASE. BIAS IS STILL NEGATIVE.

                                                                                                                                                                                          THE INFORMATION PROVIDED IS BASED ON SOURCES I BELIEVE TO BE RELIABLE. I DO NOT REPRESENT THAT IT IS COMPLETE OR ACCURATE. THE OPINIONS CONTAINED HERE ARE NOT TO BE CONSIDERED AS AN OFFER TO BUY OR SELL THE FINANCIAL INSTRUMENTS PRINTED HEREIN. ANY OPINIONS ARE BASED SOLELY BY THE AUTHOR.

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