Here’s a 15-minute chart with potential resistance levels & price targets for /ZN (10-yr Treasury bond futures), which was mentioned as a long trade idea (or IEF, 10-yr T-bond ETF) in yesterday’s video. A long position in Treasuries might possible serve as a potential indirect hedge against stock index shorts as falling rates (i.e.- 1o-yr bond rallying) is would be likely if we get a counter-trend rally in the stock market.
ZN 15m Sept 27th