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Bobby Iaccino, Jim Iuorio, and Mike Arnold combined over 90 years of active trading experience In stocks, commodities and options. Real trades described by real traders. Look us up on your own, and ask questions..
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