Happy Monday and welcome to a new trading week. Here is the Traderfy Trend August 10, 2015.
The E-mini S&P500 (ES_F) transitioned into an uptrend during the early Monday morning hours. Won’t be unusual for the trend support line to be tested today.
Curiously, the 30 year bond futures $ZB_F are also in a uptrend when compared to the $ES_F. As of late, these two vehicles have been moving in the more traditional “counter” to one another directions. This could point to the $ZB_F pulling back to test the support area that defines the current trend.
Finally, we observe Crude Oil futures. In the early morning hours they have flirted with resistance at the trend definition line. As of this posting, that move was rejected and the current downtrend is still in tact.