10 Year Micro Yield futures approaching 1st target which is generally a stop reduction area for me and at this point has formed a potential double bottom. If the double bottom triggers will be watching for a more significant bounce off first target area. Double bottom might not trigger or may be invalidated before triggering. I would not be front running a pattern like this since it might be a bounce play only and may only tigger if we get a short term capitulation bottom in the stock futures. If the micro yield futures push below 3.823 then the potential double bottom is off the table. - Mike
Published Apr 06, 2025Updated Apr 06, 20252 min read
10 Year Micro Yield futures approaching 1st target which is generally a stop reduction area for me and at this point has formed a potential double bottom. If the double bottom triggers will be watching for a more significant bounce off first target area. Double bottom might not trigger or may be invalidated before triggering. I would not be front running a pattern like this since it might be a bounce play only and may only tigger if we get a short term capitulation bottom in the stock futures. If the micro yield futures push below 3.823 then the potential double bottom is off the table. - Mike
