BN spot Merged Profile

Here's an update to a post I had made at the end of last week.

 

At that point of time the BN was in between 2 value areas and unclear on direction.

 

The subsequent move through the January value area and the halt yesterday at the exact print of value high shows the market's readiness for a 25 bps cut in rates but no conviction.

 

That upper value area high is important for new longs now.

 

Bn Merged 0 Bn Spot Merged Profile

 

Roughly 12834 spot. watch that level.