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10Y T-Note - Buy signal at weekly Key support

10Y T-Note - Buy signal at weekly Key support

10-Year T-Note CBOT:ZN2!

Weekly: - Bullish Ichimoku trend: Price retested Kijun Sen. Price is still above Kumo, which has no shade over Price. Tenkan/Kijun is bullish - Weekly Heikin Ashi candle so far has a smaller body and thus haDelta is making a cross above SMA3 Daily: - Ichimoku setup maybe looks a bit bearish, but it can be the similar false bearish break pattern, that we saw in Dec/2014. Chikou Span is still above past Kumo, and the trend still persists. (Remember: valid Kumo breakout strategy needs a clearing of previous key supp/res level). Obviously there can be some head wind during the next wave up, as there is a bit thick Kumo above Price. - Heikin Ashi candle turns bullish after the possible reversal signal yesterday. haDelta/SMA3 further up, crossing above zero. Oscillator turns bullish. If we look at technicals only, this is a long entry point at key support, with clear buy signal. Of course Ms. Yellen's speach today will be decisive. p.s.: pls note that the charts are set for the second continuous contract (June), because the March front contracts are just about to expire.