The U.S. Economy Is Surprisingly Resilient. 1 Trade to Make Now as a Result.

Core Viewpoint - March U.S. Treasury note futures are presenting a selling opportunity due to a bearish trend in prices and technical indicators suggesting further weakness [1][2]. Group 1: Technical Analysis - Prices of March U.S. Treasury note futures are trending lower, indicating a bearish market sentiment [1]. - The MACD indicator is in a bearish posture, with the blue MACD line crossing below the red trigger line, giving bears a near-term technical advantage [1]. - A move below the chart support level at 111.29.0 would empower bears and create a selling opportunity, with a downside price objective of 110.00 or lower [3]. Group 2: Economic Context - The U.S. economy has shown resilience, supported by recent data, but inflation remains high, which is concerning for the Federal Reserve [2]. - The current economic conditions suggest that the Federal Reserve may not ease its monetary policy as much as previously indicated, which is bearish for U.S. Treasury prices [2]. Group 3: Trading Strategy - Technical resistance is identified at 112.26.0, where a protective buy stop should be placed above this level [3].