Commodties vs. Bonds -> BullMarket Starts
The CRB vs. the IEF is showing rotational pattern into IEF and out of CRB.
This can give early entry signals. The market is kind of with a low liquidity. But you can see a zone were liquidity has to reenter, because there are big positions. All in all it looks bearish for the CRB and bullish for the IEF, what is good for bonds and thereafter for stocks as well.
It looks so because it cutted so mush resistance lines. It is the longest travel ever in the chart and it startet to suck up the last bullish area downward.
This can give early entry signals. The market is kind of with a low liquidity. But you can see a zone were liquidity has to reenter, because there are big positions. All in all it looks bearish for the CRB and bullish for the IEF, what is good for bonds and thereafter for stocks as well.
It looks so because it cutted so mush resistance lines. It is the longest travel ever in the chart and it startet to suck up the last bullish area downward.
Note
Gold is going down. The strongest leg up meets the 2nd strongest support.
compare it to the other legs up and down.
Oil is allready in downfall.
This is bearish for commodities as well.
And especially bullish for stocks!! Shorting gold and buying USD is a post inflation trade.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.