Friday, December 23, 2011

Treasuries - interesting action today...

If these setups are as they appear…top tick in this bounce either occured on Friday or will do so early next week. Since futures will trade on Monday (Forex trades Sunday), it woud be very common for them to open flat, an unlikely but possible push to one more high in the futures markets and sell off hard - all before the equity markets had a chance to print any quotes. This scenario could have us opening gap down in the Equities markets on Tuesday if it were to playout as seems to be suggested by the Treasury charts below.
© 2009 m3, ltd. All rights reserved.