Long Setup for the rest of this month or next week. Despite FOMC and concerns of raising interest rates I think market structure is pointing towards a positive outlook. We might actually go into next year with a positive outlook. I bet there is going to be a lot of fear mongering from the media but I think the market is actually gonna do better than they make...
Retail Traders See Long, which they're not wrong, but that trend line support is a trap. We are potentially going to see a run on those stops and then a move up to reach for a Thursday High and potentially short or set up a short on Friday.
These charts are showing 10yr treasury notes, 10yr bonds notes, Dollar Index and EURUSD.
MY analysis is showing that 10yr notes refused to make a higher high and 10yr bonds refused to make a lower low despite dollar index pushing lower just before friday close. This is signaling to me that this was just a pull back/retracement for a short continuation this...
