Bears: All depends on if we break the 2936 low, with higher volume and the 10 year yield drops. If we break below 2910 I would look to short the next rally with a stop loss at 3170. Of course we have the fed promising to bail out markets yet again; now buying individual bonds, seriously is there anyone that they haven’t bailed out yet.
Bulls: Want to see a higher low above 2936 on low volume, and the 10 year breakout above .72 stick. Possibly more heroine from fed. I would look to go long if we have low volume and set a higher low above 2936 stop loss is 2905.
Sideways: if we form a higher low above 2936 but than a lower high below 3165, I will be neutral.
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