ThunderTake
1) Two indicators at play here, firstly the daily TD sequential indicated a price flip from a red 9 to a green 1. However, it was followed up by a red 1 which is currently in play. As markets have already closed this red 1 is expected to continue.
Will be looking out for a red 2 below a red 1 for confirmation.
2) Additionally, purplish dots for the past 4 days signifies a spyder 3-weekly resistance level. Forcing yields to trade within this tight range.
Longer term chart observations: Double top
Fundamentals: The equity market has also sold off, some in cash will seek to purchase 2/10 year bonds forcing yields lower.
1) Two indicators at play here, firstly the daily TD sequential indicated a price flip from a red 9 to a green 1. However, it was followed up by a red 1 which is currently in play. As markets have already closed this red 1 is expected to continue.
Will be looking out for a red 2 below a red 1 for confirmation.
2) Additionally, purplish dots for the past 4 days signifies a spyder 3-weekly resistance level. Forcing yields to trade within this tight range.
Longer term chart observations: Double top
Fundamentals: The equity market has also sold off, some in cash will seek to purchase 2/10 year bonds forcing yields lower.
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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.
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.