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Panjang

More Downside For TNX

TVC:TNX   CBOE 10 YR TREASURY NOTE YIELD
The TNX             is currently correcting the 93.43% up move in the mid of 2016.

To make long story short, we want to buy tnx             at around 1.99% IF it can manage to break the current low at around 2.17%.

Consequently, with a break of the low of 2.17% and TNX             reaching 1.99% we believe that the correction in the indices or not over yet. So in case of a leg lower in TNX             we expect indices to follow the downside path of TNX             . Why we expect this is because of intermarket analysis reasons. We cant go into detail because we want to protect our clients privilege.

Hope that helps.

Cheers,

Your Secrets2Trade Team
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