10 Year Treasury Possible Short Contra Trade Setup
December 7, 2012 8:05 am
The 10 Year US Treasury Note has had a nice run into Daily Unfair Highs. Considering the crowding action that the S&Ps are performing against its Weekly Unfair Lows watch the S&Ps and this 1415 area for a break above to confirm the short contra trade on the 10 Year.
Watch this video to decipher the critical areas that both of these products are at to trade the 10 Year long or short. The long term trend is still up on the 10 Year, but an opportunity is before us to maximize our risk reward on it either way.