Top Notch Trading 08/28/17

TOP NOTCH TRADING

“THE FUTURES DEFINED”

A DAILY TECHNICAL APPROACH TO 30 YEAR BOND FUTURES

FOR INFORMATION: E-MAIL- haefketim@gmail.com 08/28/17

 

 

USU

GLOBEX OPEN -156.20

158.23 NEXT TARGET?

157.28 LEAD MONTH CONT. HIGH

157.12 FIB -2 / #
157.08 CONTRACT HIGH  
157.07 WEEKLY FIB
157.02 FIB -1 Res.- 157.02, 157.07, & 157.12
156.24 FRI. / LAST WEEK HIGH  
156.19 > / PIVOTAL Sup.- 155.24, 155.19, 155.09, & 155.02
156.17 v / FRIDAYS SETTLE
156.09 <  
156.00 STOPS? OPENING PRINT AT 156.20 ON THE WEEKEND WENT
155.29 FRI. LOW FOR A TEST OF LAST WEEKS HIGH, 156.24, ONLY
155.24* TO STOP SHORT OF THAT LEVEL WITH A CURRENT
155.19 FIB -1 PRE-WEEKEND HIGH OF 156.22. IT FOLLOWED WITH
155.17 LAST WEEK LOW A MOVE THAT IS PRODUCING NEW LOWS HEADING
155.09 FIB -2 INTO THE OPENING BELL SHOWING SIGNS OF SLIGHT
155.02 WEEKLY FIB PRESSURE. EYEING THE LONG VALUE PRICE OF
154.26 # 156.09 FOR A TEST OF SUPPORT. I SUSPECT THE
154.13 -50 DAY M.A.

153.24 TWO WEEK LOW

KEY WILL BE THE STOP PRICE AT 156.00. A TURN OF

THAT LEVEL TAKES AIM AT NEXT SUPPORT LEVELS AT 155.24 AND 155.19. PIVOTAL PRICE AT 156.19 IS THE

DETERMING FACTOR FOR A MOVE TO NEW HIGHS.

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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