While we’re likely to see increased volatility & whipsaws this week with the FOMC rate decision scheduled for 2 pm Wednesday, I’m going to continue to pass along any potential trading opportunities that I come across. Both /ZN (10-year Treasury bond futures) and /ZB (30-yr T-bond) are at resistance with negative divergences & fairly clean uptrend lines/rising wedge patterns with objective short entries either at resistance or on solid breaks below the trendlines. IEF & TLT are the respective 10 & 30 yr Treasury ETFs. 120-minute charts of /ZN & /ZB below.
ZN 120m March 20th
ZB 120m March 20th