05/11/2016 – 30 YR Treasury Bond
June 30 year treasury bond:
1. Since Tuesday, May 10 we have noted that the normal price level for the June 30 year U.S. Treasury bond was $166.18/$.20 into Wednesday, May 11.
2. However, an important resistance level at $166.08 was noted and we expressed concern that completion of $166.18/$.20 might be blocked by $166.08.
3. Today (Wednesday, May 11) the June 30 year U.S. Treasury bond advanced and quickly completed the $166.18/$.20 upside target (session high, $166.21). This successfully completes the forecast/trade. Will message any further entry or indication in the June 30 year U.S. Treasury bond.
David Williams
CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.