Top Notch Trading 05/19/16

TOP NOTCH TRADING

“THE FUTURES DEFINED”

A DAILY TECHNICAL APPROACH TO 30 YEAR BOND FUTURES

FOR INFORMATION: E-MAIL- haefketim@gmail.com 05/19/16

 

 

USM

GLOBEX OPEN – 163.22

167.14 WEEKLY FIB  
167.11 FIB -2  
167.04 LAST MONTH HIGH  
166.24 LAST WEEK HIGH Res.- 164.01, 164.18, 165.03, & 165.22
166.14 FIB -1  
165.22*  
165.17 YEST. HIGH Sup.- 162.26, 162.14, 162.04, & 161.25
165.03 >  
164.18 #  
164.07 v  
164.01 < AN OPENING ABOVE ITS SETTLE PRICE LAST NIGHT,
163.20 STOPS? 163.22, FOLLOWED WITH A MOVE TO A CURRENT LOW
163.13 PIVOTAL AT 163.08, SPOT ON YESTERDAYS SETTLE. IT LEADS
163.08 YEST. SETTLE A CURRENT BULLISH BIAS HEADING INTO THE
163.04 YEST. LOW MORNINGS OPEN AND WITH THE MELT DOWN
162.26* SEEN IN YESTERDAYS SESSION THERE IS EVERY
162.14 # REASON A “RELIEF” BOUNCE IS DUE TO BE HAD.
162.06 FIB -1 HOWEVER, NOT ALL IN ON THAT IDEA AS THIS
162.04 -100 DAY M.A. SECTOR LOOKS TO ABSORB MORE OF WHAT THE
161.25* / 161.00 FIB -2 FED WILL BE LOOKING TO DO MOVING FORWARD.

                                                                                                                                                                                          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.

© TOPNOTCH TRADING