Trading Markets and Fades

JackBroz
July 15, 2013

Getting trade above 135.08 changes things….bringing 136.06 and 136.23 into play….taking trade below 132.08 brings 124.16 into play. Watch this pivot for direction… 10-Year Treasury Notes: There is still resistance up at 126.25; I think if the bulls can take out 127.03 that is where they can start to re-assert and take trade up to 127.285….To have any weakness the bears need to control 125.21.  US 5-Year Treasury Note: What matters here (5s are like bonds in this respect i.e. having triggers for the “next move”) is 121.125 (above allow a run at 122.28) and 120.195 (below is vulnerable to 119.23_2 –which IS a first-touch fade).    S&P500 Stock Index:  Trade thru the highs will go after 1720 – but we SHOULD get a first-touch fade at 1683.75. The key for the bears is to take out 1650- which allows a run at 1612.75. 

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