Bond auction
|S&P 500 formed a headfake, turning south a while before the 20y auction results were announced. Then, the descent quickened, with aftermarket session providing little in terms of a dead cat bounce, and stocks broke with ease below yesterday‘s lows, which is exactly what all clients (swing and intraday) are benefiting from… following yesterday‘s weak 20y Treasury auction that the Treasury can‘t be happy about.
Way more actionable details as to how very short-term traders and swing traders should (have been) approaching this week, are shared in today‘s packed video covering as well the dollar. The spike in Japanese bond yields shouldn‘t leave anyone calm really… The 100-101 crucial support zone is the USDX area all bulls are looking to kind of hold...
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