T-Notes rally

2023년 11월 25일

Looking for T-Notes to continue the rally in coming months:

• It looks like it ended a 5 waves pattern
  
  
• There is a divergence on the MACD between wave 3 and 5
  
  
• Their is the 10 year S2 at 105 and an untested demand zone
  
  
• Historical number of shorts on the T-Notes ( COT: Reportable Non-Commercial Net Positions (Futures Only))
  
  
• Lower inflation and potential economic effects of such a rapid increase in rates should make rates go down
  

December is usually the worst month of the year for treasuries but 2024 should be a good year for bonds.