Stock Market ToDay

Day Trading Bonds To Win

Bond’s Buyers test Today quite very important double top. they miss it, by using lack of commitment. After what sellers saw this and start to sell. Sellers volume was good, but the fact they did not break the Bullish trend, make me think, buyers are not done yet. Looking to see the last and decisive move up this night, after what we would now if we are going to the 146points, or to are of 135-134, and restart all over again.

day trading bonds

Day Trading bonds 60min chart

I took the long position yesterday, after market bee close. Was one with .5% risk, since I get in quite late. Unfortunately I was busy to day and not in the market, and wasn’t able to take out at the top on this trade, but fortunately, I will be able to stay little positive on this trade if the Bullish trend will be broken this night.

For Buyers: Last move was volatile, they was able to go above the last double top, but did not make it. Since buyers was able to bring the price to news daily higs, without much commitment,  there’s a chance the second time they will close above the double top, and Bonds should jump to 146.00points.

For Sellers: If they break the bullish trend, sellers would start to jump in and keep selling. But before get to they objective by bringing price back to area of 135-134 points, they will probably take  a break at 136.00. If they stay to long, This will play against them, and Bonds would probably consolidate for a will between 137 and 136 before getting new direction.