Top Notch Trading 08/09/17

TOP NOTCH TRADING

“THE FUTURES DEFINED”

A DAILY TECHNICAL APPROACH TO 30 YEAR BOND FUTURES

FOR INFORMATION: E-MAIL- haefketim@gmail.com 08/09/17

 

 

USU

GLOBEX OPEN -154.06

156.27*

156.08 WEEKLY FIB

155.27 #
155.14*  
155.07 FIB -2
155.05 LAST WEEK HIGH Res.- 154.28, 155.07, 155.14, & 155.27
154.28 FIB -1  
154.20 PIVOTAL Sup.- 154.08?, 153.24, 153.05, & 152.26
154.16 YEST. HIGH
154.08 STOPS?  
154.04 -50 DAY M.A. / 154.02 > GAPPING FROM ITS SETTLE PRICE OF 153.23 LAST
153.24 v NIGHT WITH AN OPENING PRINT OF 154.06 FOLLOWED
153.23 YEST. SETTLE WITH AN IMMEDIATE LOW OF 154.05 WHICH IN TURN
153.18 < HELD THE 50 DAY M.A., 154.04. TURNING MOMENTUM
153.17 YEST. LOW WITH A MOVE TO HIGHER GROUND TAKING OUT
153.05 FIB -1 YESTERDAY’S HIGH OF 154.16, AS IT APPEARS I WAS
152.26 # / FIB -2 A DAY EARLY WITH THE IDEA OF MAKING A MOVE TO
152.19 -100 DAY M.A. FIND A TEST OF LAST WEEKS HIGH, 155.05. THAT
152.09 LAST WEEK LOW

151.28*

LEVEL REMAINS TO BE THE MAIN OBJECTIVE AS THE

TRADE MOVES FORWARD. DOWNSIDE OFFERS THE 154.08 PRICE AS A KEY SUPPORT PRICE TODAY, THE

151.06 WEEKLY FIB DEAL BREAKER FOR THIS MOMENTUM TURN.

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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