ZN – When everybody is just guessing, you don’t have to.

ZN – When everybody is just guessing, you don't have to.

10-Year T-Note

This analysis will be very simple, as this mkt is one of the most neutral I have seen recently.

– Ichimoku setup could not be more neutral: Price, Tenkan and Kijun are all in the Kumo.
– Heikin Ashi signal has been totally neutral for the past four weeks! Printing perfect doji candles. haDelta/SMA3 stuck exactly at zero line.

– guess what, quite neutral here too, as Kumo shades price, Chikou hit past candles and Price trades between Tenkan and Kijun lines.
– Even Heikin Ashi has too much noise. Right now it shows some bullish bias, but looking at the previous 18 (!) candles, probably only God knows which way next.

Would be bullish again above 128,60, bearish below 127,20. That’s all. Until these levels you don’t have to think and guess.

Source: New feed7