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Sgbonds

SG10Y Govt Bond and SPY relationship Part IVTime to review this weekly chart which appears to gain even more importance in giving the insights... Noted that the SG10Y Govt Bond Yields continued to drop, and broke down a support to close at a 9 month low. Also note that since tracking and projecting (the previous dotted green arrow), the path of the SPY (blue line) was on point and closed higher to the point of the green arrow, now made solid (instead of dotted). A new projection for a smaller uptick is projected, in line with the SG10Y Govt Bond Yields dropping to a lower low, as you can expect a little more downside on that. Conversely, the SPY should be pushing forward and upward a bit more, as projected by the green dotted arrow. Now, UNTIL the time where the SG10Y Govt Yield breaks over the yellow trendline, and changes trend, the SPY should not yet turn bearish. It will happen, just not now so wait for it... Again, this is in line with the USD decline, and the Combined US Indexes climbing a bit more. Another angle that aligns. Interesting.
TVC:SG10Y
by Auguraltrader
SG 10Y Govt Bond and SPY relationship Part IIIn a bearish (engulfing) week for the SPY, it appears that there is more downside to follow, which I would expect. Thing is, it appears that the SG 10Y G-Bonds broke down a supporting trendline, giving advance heads up that it would be a bullish rally in the weeks to come. Previous dotted arrow line is now sold red as the SPY (blue line) moved up for a last hurrah and retraced really hard down in the weeks following from mid-Feb. Expect a bit more downside, but also expecting a bullish recovery given the heads up from the SG 10Y G-Bonds. The green dotted arrow lien depicts this expectation to last till mid- to end-April. Let's see...
TVC:SG10Y
by Auguraltrader
SG 10Y Govt Bond and SPY relationship gives heads up...A rather uncanny comparison, but some correlation observed... the SG Government Bonds are the next level "risk-free" instrument (perhaps not to all, but it is clearly one of the more robust). Taking the SG10Y and overlay with SPY, some correlated trends are observed... The yellow lines are the trend lines for the SG10Y, and break outs or break downs are triggers. From here, follow the SPY (blue plotted line). Can be seen that when there was a break out of the SG10Y trend line, the SPY is bearish; alternatively, when there was a break down of the SG10Y trend line, the SPY is bullish. Just noted that the SG10Y is just about to break out, so... SPY topped out? Looks like it according to this correlation!
TVC:SG10Y
by Auguraltrader
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