marketmavens

Hopefully, the FOMC decision and statement will provide the bond market with some insights and the motivation to develop a trend. Until then, here are a couple of thoughts to consider. Despite some recent weakness in the sector, the 30yr was unable to take out support at 142.18 – managing a low of 142.16. If the bears can take that out, look for a concerted effort to test 142.02 and perhaps even 141.22. Any pushback thru 143.03 should be given the chance to test 143.19. The 10yr note has also left support intact at 119.065. With the 3% yield not too much lower that’s revealing how opposed participants have been to sell this market. On the upside, 119.26 is still the key price to higher trade. While the 5yr note is also a market that we analyze and trade, let’s take a look at the mini SP (es) where we continue to find a lot of opportunities. With a new high in the September contract of 2849.50, any probes thru there need to be respected for a move to 2864. Friday’s low (2808.75) probed support at 2810.25; if the bears can take trade thru that low 2792 will be their target. For any follow-up or more information please contact us

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levels are on the chart skype ID: market.mavens please trade on your own risk. thank you

Above the relative highs we have an area of resistance. If you are still long you can squeeze these levels in order to seek higher targets. There is a high probability market will try to test the pivotal level first if it doesn’t continue to trade higher. With any push below our strong support levels(1.4362 to 1.4378 ) sellers will step in. Skype ID: market.mavens please trade on your own risk

Our previous targets are still intact. We add new support levels. Skype ID: market.mavens

Below 1.6252 support market will seek for 1.6172 level. Our pivotal level is at 1.6302 to 1.6312 and if market trades higher then with high probability our first target is at 1.6366 .also that level will act as a resistance too. skype ID: market.mavens if you have any questions let me know please trade on your own risk

It is going to be a choppy trade between 1.4360 to 1.4406 levels. If we break the high then the move is going to be very sharp. We have a very important support at 1.4260. As long as it holds then upside targets are very possible to reach.

Our pivotal level is at 1.6296. If market starts trading lower our first target is at 1.6207 and below that the strong one at 1.6172. For upside we have 1.6342 and above it at 1.6362. Basically from 1.6342 to 1.6390 we have an area that can act as a resistance but market will try to print 1.6390 levels. As long as we don’t trade below 1.6172 levels and stay below it. We have a high probability market seek for our long term target. if you have any questions let me know Please trade on your own risk.thank you

Next Trading Opportunity: If market be able to break the 1.4230 and stay above it then with high probability it will test the 1.4270 levels and above that to our next target at 1.4318 levels. Market has enough energy to break those resistance and trade higher, however we do have a strong support at 1.4156.With break of support market will try to break the 1.4122 levels. This is very important to hold if market wants to continue to trade higher. Please let me know if you have any questions

Next t Trading opportunity: We have resistance from 1.4125 to 1.4146. Our pivotal level is at 1.4066 The pressure is on down side. We have support at 1.4036 below that level market with high probability will test the 1.3994 levels. We would prefer to buy at 1.3994 level instead of 1.4036 because there is a chance we have a sharp move from 1.4036 to 1.3994 Our last support is at relative low (1.3954) and below that market can trade as low as 1.3800 target. Please let me know if you have any questions. please trade on your own risk.Thanks

We have tight ranges for both upside and down side. Above 1.4196 markets will try to test the 1.4220 above 1.4220 to 1.4256 we have resistance area. Down side we have 1.4148 as a support but below 1.4138 level with high probability will test the 1.4072 levels. Again we have support area from 1.4044 to 1.4072.Below those area market will test the 1.3994 levels. We have to trade above 1.4256 and stay above it in order new buyers step in. Please let me know if you have any question. thanks

Next trading opportunity: As long as we don’t trade above our pivotal levels 1.4230 to 1.4236 then there is a high probability market trade lower to test 1.4192 support. Above the pivotal levels market will try to break the 1.4256 then 1.4268 levels. If we trade above 1.4268 and stay above it then our next target is at 1.4318. On down side with break of 1.4192 support market will try to test the 1.4142 which is the strong support. I have noted couple of more supports below the strong one. Please let me know if you have any questions please trade on your own risk.

07-13-11 During U.S Session If market doesn’t trade below 1.4034 or finds support around that level then it will trade higher to the target. Below 1.4034 market with High probability will test the strong support /target at 1.3994 and if it breaks that support then we will have 1.3954 Please trade on your own risk.tnx