Both volume and open interest in the CBOT futures contract have spiked at this crucial juncture.
As the market moves away from this point, winners' hands get stronger, while losers' hands get weaker, reinforcing the movement in prices.
TACTICS
Sell bonds here.
Be ready to buy 'em back if they break out.
Be ready to go long if prices break out on the upside.
STRATEGY
Look out!
Warn the boss and the board.
This will mean a major inversion of the yield curve.
Next Fed move is down!
