Interest rates are breaking above cyclical resistance on the daily charts. And so we could see some weakness in Bonds and a little sell-off. Long term, who knows. Bonds have been in a continuous uptrend since 1981!

Interest rates are breaking above cyclical resistance on the daily charts. And so we could see some weakness in Bonds and a little sell-off. Long term, who knows. Bonds have been in a continuous uptrend since 1981!

We're coiled up waiting for a big break. So far we've not been able to get through 2,100 on the Emini and generated a series of RAMBO patterns (potential Reversal of AMateur Break Out). So a break below 2,092 could lead to a nasty sell-off. But if we go the other way, surely there are stops sitting above 2,100 and traders would be forced to follow along. Let's see.

We're coiled up waiting for a big break. So far we've not been able to get through 2,100 on the Emini and generated a series of RAMBO patterns (potential Reversal of AMateur Break Out). So a break below 2,092 could lead to a nasty sell-off. But if we go the other way, surely there are stops sitting above 2,100 and traders would be forced to follow along. Let's see.

Here's a nice little Emini trade setup that works because the stops above a double top have a high probability of being run. We had a great example on Friday and the stop run resulted in a nice little 1.5 point pop, that eventually led to a reversal trade. Don't trust exact triple tops, they don't really exist.

Here's a nice little Emini trade setup that works because the stops above a double top have a high probability of being run. We had a great example on Friday and the stop run resulted in a nice little 1.5 point pop, that eventually led to a reversal trade. Don't trust exact triple tops, they don't really exist.

All news driven today. The Emini was kicked around by news out of the Ukraine summit in Minsk and then the Eurozone finance minister plus IMF meeting in Brussels. Seemingly it's all good - peace in Ukraine and Greece pays its debts. Yeah, right.

All news driven today. The Emini was kicked around by news out of the Ukraine summit in Minsk and then the Eurozone finance minister plus IMF meeting in Brussels. Seemingly it's all good - peace in Ukraine and Greece pays its debts. Yeah, right.

Lots of RAMBO (reversal of amateur breakout) patterns today. And on the 1500 tick chart, which makes them more significant. They show the Amateurs were trying to Short any little selloff today. And they got it wrong each time. Which makes for good little scalp trades in the opposite direction.

Lots of RAMBO (reversal of amateur breakout) patterns today. And on the 1500 tick chart, which makes them more significant. They show the Amateurs were trying to Short any little selloff today. And they got it wrong each time. Which makes for good little scalp trades in the opposite direction.