2/27/2014 7-yr Bond Auction (1301 EST)
Previous: 2.19/2.7
Actual: 2.11/2.7
SPIKE WITH 2ND PEAK
Started @ 133’05 (1301)
1st Peak @ 133’00 – 1312 (11 min)
5 ticks
2nd Peak @ 132’28 – 1346 (45 min)
9 ticks
Reversal to 133’06 – 1504 (123 min)
10 ticks
Notes: Report is not found on Forex Factory, but the spike always breaks about 1:30 min late as with other bond auctions. The highest yield of 2.11 continued to fall back after a high of 2.39 in December now that tapering has started. This caused a typical slow but safe move that would have yielded 2-3 ticks after it fell through the 100/200 SMAs and R2 Mid Pivot. With JOBB, your short entry would have filled at 133’03 with no slippage late on the :04 bar then given you 2-3 ticks of profit on the :07 – :14 bars where it stalled for a few min. After a 2 tick reversal, it fell for a 2nd peak of 4 more ticks in the next 30 min, crossing the R1 Pivot. Then it reversed for 10 ticks back to the origin in the next 80 min, crossing the R2 Mid Pivot and all 3 major SMAs.