Double Bottom Reversal on 20 Yr Treasury Bond
After almost a year since I published this short idea for TLT.
The first bounce this summer was quickly snuffed out by the uber hawkish Jackson Hole speech from Jerome Powell when he told the world there was more blood to come.
A lot of bulls and bears have been hung out to dry over this year long bear market.
I don't know what every one was smoking this summer thinking Crypto was going to save them from the most difficult bear market since 2008.
A year long bear market that was testing just how much banks learned from the 2008 housing crisis.
Did Jerome Powell actually stave off a global financial crisis.
The 10Yr yield is rolling over after pointing to 2008 levels.
I'm not convinced the worst selling is over, but the next month up to Christmas is a seasonly strong period.
Short term volatility may be in for a post thanksgiving pop like last year, but continues to compress into winter regardless of the bad news.
The S&P should be testing the 200D moving average around the time the next CPI prints in Dec.
While Volatility lets out the last of the bear market volatility. Skew is not. This should concern anyone with financial assets.
Lots of charting ideas coming this Christmas.
* IchanOt believe what I heard today.
* Santa Clause Rally predictions.
* Breaking down what inflation will do next.
* Is reading Gamma a reliable indicator.
In the mean time, have a great Thanksgiving.
If you don't live in Ukraine you have a lot to be thankful for.
Peace and Prosperity are far greater than the Put.
The first bounce this summer was quickly snuffed out by the uber hawkish Jackson Hole speech from Jerome Powell when he told the world there was more blood to come.
A lot of bulls and bears have been hung out to dry over this year long bear market.
I don't know what every one was smoking this summer thinking Crypto was going to save them from the most difficult bear market since 2008.
A year long bear market that was testing just how much banks learned from the 2008 housing crisis.
Did Jerome Powell actually stave off a global financial crisis.
The 10Yr yield is rolling over after pointing to 2008 levels.
I'm not convinced the worst selling is over, but the next month up to Christmas is a seasonly strong period.
Short term volatility may be in for a post thanksgiving pop like last year, but continues to compress into winter regardless of the bad news.
The S&P should be testing the 200D moving average around the time the next CPI prints in Dec.
While Volatility lets out the last of the bear market volatility. Skew is not. This should concern anyone with financial assets.
Lots of charting ideas coming this Christmas.
* IchanOt believe what I heard today.
* Santa Clause Rally predictions.
* Breaking down what inflation will do next.
* Is reading Gamma a reliable indicator.
In the mean time, have a great Thanksgiving.
If you don't live in Ukraine you have a lot to be thankful for.
Peace and Prosperity are far greater than the Put.
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