I posted this as neutral because it can go either way from here. I bought TYO in my 401k two days ago and shorted the future yesterday.
For those who are short, this is a take profit area if support holds. I will put a tight stop loss here. A long position can be taken here depending on the price action. If it breaks support and the uptrend line, short at an appropriate time. usb10yusd -0.25% usually falls with dxy 0.14% strength. Caution: These leveraged etfs are low volume which affects entry and exit prices and liquidity.
For those who are short, this is a take profit area if support holds. I will put a tight stop loss here. A long position can be taken here depending on the price action. If it breaks support and the uptrend line, short at an appropriate time. usb10yusd -0.25% usually falls with dxy 0.14% strength. Caution: These leveraged etfs are low volume which affects entry and exit prices and liquidity.
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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.