Top Notch Trading 01/04/18

TOP NOTCH TRADING

“THE FUTURES DEFINED”

A DAILY TECHNICAL APPROACH TO 30 YEAR BOND FUTURES

FOR INFORMATION: E-MAIL- haefketim@gmail.com 01/04/18

 

 

USH

GLOBEX OPEN – 152.07

155.13*

154.26*

154.02 TWO WEEK HIGH  
153.12 #  
153.04 LAST WEEK HIGH  
152.27 FIB -2 Res.- 152.20, 152.27, & 153.12
152.20 FIB -1  
152.18 STOPS? Sup.- 151.16, 151.09, 150.23, & 150.09
152.12 YEST. HIGH  
152.10 > / YEST. SETTLE  
152.06 v NEVER DID FIND A TEST OF THE 152.18 PRICE DURING
152.02 < YESTERDAYS SESSION. THAT REJECTION FOLLOWS
151.24 YEST. LOW WITH A MOVE LAST NIGHT SOUTH LAST NIGHT TAKING
151.23 PIVOTAL OUT YESTERDAYS LOW HEADING INTO THIS
151.16 FIB -1 MORNING’S OPEN. I WOULD USUALLY LOOK AT THIS
151.09 FIB -2 AS WEAKNESS, BUT DUE TO THE LACK OF
150.30 LAST WEEK LOW COMMITMENT TO DIRECTION THIS FUTURE IS MORE
150.23* APT TO CONTINUE ACTION THAT “YO-YO’S” BACK AND
150.17 TWO WK LOW FORTH. ONE STUDY I LOOK AT ARE THE MOVING
150.09 # AVERAGES. THEY ARE FORMING A “STREAMLINING”
150.03 WEEKLY FIB LOOK THAT LEADS TO “FLIP-FLOP” ACTION AS THIS FUTURE CONTINUES TO BE STUCK IN A RANGE BOUND MENTALITY. JUST MAYBE TOMORROW’S NON-FARM PAYROLL DATA WILL GIVE IT A JOLT.

 

 

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 THEIT AUTHOR.

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