Monday was a hard day at the office – no trend and small range. Tuesday might be dull, except for the first 45 minutes. Then Wednesday we’ll all be waiting on the FOMC minutes and Janet’s press conference in the afternoon.
Every FOMC meeting is important, but I can’t help thinking that this one is really important, especially for the Bond Market.
The Bond Market has been in a “complex correction” up for the last year, inching higher and higher but without a trend break up. The daily charts have broken Support in the last few days. All we need now is a signal from the Professionals that they think rates are headed up.
Good luck with your Emini trading.