sp'daily5
10yr yield, 60min
Summary
Suffice to say, it remains a borderline situation.
The bulls are so far failing on their third attempt to break and hold above the 50 day MA.@ 1624
--
*I remain short (deeply underwater), and will likely exit if we close >sp'1628. If the bulls manage a ramp into the close, there seems little point holding short, whilst there is renewed threat of some 'weeks' of further upside.
Difficult day.
12.05pm... sp'1625...a mere 3/4pts from busting the weekly key level..as I see it.
Its not looking good.