I think it is a great idea at this time to see how the bond market is looking with all the talk about the debt ceiling crisis. It will also give us an idea of where the US dollar can go! Currently, the price action has been rolling over to the downside. I think it best to keep that narrative until we see a conformational move that would change this higher timeframe trend. In my opinion, the most important area that I believe has many traders are focused on is the closet supply area which is also the previous higher low. Evetually, this instrument will liquidate the sellers in this market. Lets keep this one on the list and update throughout the week.
Feel free to connect and chat about this instrument. :-)