-The Dec'09 10YR T-NOTE bounced back on its feet and will keep a higher hope above the 117-105 Inflection Pivot. Keep your dancing shoes on. This roll is shaping up to be messy and more of the same is expected. A held breach of 118-02 is needed to confirm yesterday's positive signal putting the 119-10 and 119-185 targets in play.
A rebuke from the 118-02 and sentiment can quickly turn. Think big. A break under 117-105 is needed to negate the positive signal targeting 116-195 for any negative turn of events. Be patient. No follow through is expected. 115-115 is the extended target for any reversal from the current levels.
JS
This post supports JS Services Strategy Based Trading approach. For more information please contact me at info@jsservices.com. You can also visit http://www.jsservices.com/.The Inflection Pivot levels are available as a chart overlay on the following platforms; Ninja trader, Strategy Runner and eSignal. Sign up for a Complimentary Trial.
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