Flash crash yesterday across equity markets pushed bonds higher for a brief reprieve in what has been a one way trend since september 2017.
The low set in place yesterday came in at the bottom of the schiff pitchfork level & the current spike higher being capped at it's .382 level. Circled upside level is the .382 retrace off sept 2017 -> feb 2018, the .382 2007 -> 2012 & the 50dma. RSI making a breakout, look for closing level.
The low set in place yesterday came in at the bottom of the schiff pitchfork level & the current spike higher being capped at it's .382 level. Circled upside level is the .382 retrace off sept 2017 -> feb 2018, the .382 2007 -> 2012 & the 50dma. RSI making a breakout, look for closing level.