This is a follow up on the earlier XLF/TLT Legacy post. The z bands got pushed to the outer limits Thursday and ETFR issued a new mid morning trade alert. This is a narrow range setup with an anticipated excursion of (N Days) = 5. In the earlier post we saw what happens when the fixed N value exit is ignored…a winning trade can quickly go sour. Below is a topographic study of the pair dynamics to help appreciate that the nexus of opportunity is a real sweet spot.