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December T-bonds were slightly higher due to short covering overnight. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If December extends the decline off August's high, the 62% retracement level of the March-August-rally crossing at 134-17 is the next downside target. Closes above the 20-day moving average crossing at 137-27 are needed to confirm that a low has been posted. First resistance is the 10-day moving average crossing at 136-18. Second resistance is the 20-day moving average crossing at 137-27. First support is the 50% retracement level of the March-August-rally crossing at 135-21. Second support is the 62% retracement level of the March-August-rally crossing at 134-17.