September 30-year T-Bonds traded to a new high of 126-21, taking out the prior reaction swing high of 126-18, early in Monday’s session. The market was unable to hold the new high and quickly reversed lower. This price action could be a failed swing pattern that signals a major high may be forming in the bonds. I will have updated information  and recommendations in the next TMV Swing Trading report.

 

September Treasury bonds - click to enlarge

 

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