EQUITIES: Longer dated EU Bank put spread

• RES 4: 110-25   High Dec 12
• RES 3: 109-31   High Dec 18   
• RES 2: 109-16+ 50-day EMA  
• RES 1: 109-04/109-06 High Jan 21 / High Dec 31 
• PRICE:‌‌ 108-25 @ 11:02 GMT Jan 22
• SUP 1: 108-00/107-06 Low Jan 16 / 13 and the bear trigger    
• SUP 2: 107-04   Low Apr 25 ‘24 and a key support  
• SUP 3: 107-00   Round number support
• SUP 4: 106-11   2.00 proj of the Oct 1 - 14 - 16 price swing  

The medium-term trend condition in Treasury futures remains bearish and the recovery that started Jan 13, appears to be a correction. The contract has traded through the 20-day EMA, at 108-17+. This exposes 109-06, the Dec 31 high, and 109-16+, the 50-day EMA. A clear break of the 50-day EMA is required to strengthen a bullish theme. The bear trigger is unchanged at 107-06, the Jan 13 low.

SX7E (21st Mar) vs (20th Jun) 170c, bought the June for 1.05 in 6k.

SOFR FIX - Source BBG/CME

• 1M 4.30483
• 3M 4.29664
• 6M 4.26221
• 12M 4.20721