There is an explosive move setting up in VXN in the coming weeks.
We can see the NQ and VXN moving down together in the Micro Timeframe
as TNX moves higher, clearly the NQ is correlating more closely to 10Yr Yield.
The VXN will simply trade into the "Catch Up" Phase ahead.
ZB is hanging on, ZN is not being permitted to Break the 130.005, defended as
if there is no tomorrow.
TLT, weakest retracement in the 20Yr in Years.
TNX did manage to break and push to a Higher High @ 1.653, an ominous sign.
The issue now becomes does the FEDs Prop Desk go all-in on pushing a Yield Curve
around which is clearly had enough of their antics.
An Epic Battle is underway.
NQ traded to a Front Run of its Price Objective of 15316, taking some heat from the
SHM today. It will be interesting to see if they can now hit the Higher Price Objective
overhead @ 15517.
The DMI supports it for now, one to watch as the Progressive series of lower lows there
is meaningful.
An outsized move is again set up as Divergences grow, we all know what happened last
time we had conflicting Indications. It took time to build, this go around... time seems to be
very compressed.
The next 30 days should be amazing.
TECH remains @ RISK.
We can see the NQ and VXN moving down together in the Micro Timeframe
as TNX moves higher, clearly the NQ is correlating more closely to 10Yr Yield.
The VXN will simply trade into the "Catch Up" Phase ahead.
ZB is hanging on, ZN is not being permitted to Break the 130.005, defended as
if there is no tomorrow.
TLT, weakest retracement in the 20Yr in Years.
TNX did manage to break and push to a Higher High @ 1.653, an ominous sign.
The issue now becomes does the FEDs Prop Desk go all-in on pushing a Yield Curve
around which is clearly had enough of their antics.
An Epic Battle is underway.
NQ traded to a Front Run of its Price Objective of 15316, taking some heat from the
SHM today. It will be interesting to see if they can now hit the Higher Price Objective
overhead @ 15517.
The DMI supports it for now, one to watch as the Progressive series of lower lows there
is meaningful.
An outsized move is again set up as Divergences grow, we all know what happened last
time we had conflicting Indications. It took time to build, this go around... time seems to be
very compressed.
The next 30 days should be amazing.
TECH remains @ RISK.
Note
Final 30 minutes again, frankly look forward to seeing a false retest of lows only to squeeze into 4PM EST again.See if they pull the same stunt into the final minutes.
3:50 PM EST could provide some solid scalps.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.