TBT on the one hour chart demonstrates a clear round bottom reversal in late June with a good trend up this past week. Price rose above the POC line of the volume profile on July 3th showing bullish momentum dominating. Price has continued to ascend above the Chris Moody sling shot indicator affirming that momentum. Given the current fed posture hawkish for...
TBT is going to take another swing now that interest rates are going up. Fundamentally, Treasuries and other bonds will go down on their real face value because their yield is lower than the new going rate. Inverse EFTs like TBT will go up when Treasuries go down. On the w Chart chart, price is sitting above the POC line of the volume profile where there...
2 yr yield usually tops out 1.5 months before FED pivots. Right now shortterm bonds (inverse of yields) are showing bullish divergence. Historically, this may predict that the FED may halt rate hikes or become less aggressive sometime this coming November. This will be very bullish for bonds & growth stocks. Note that as of today, the 10-yr yield is still...
With TLT showing signs of a top and gold on its march to lower lows I see a clear opportunity in TBT. Five impulsive waves up, followed by a 3 wave correction to the 61.8 Fibonacci and is poised to continue upwards... Excellent risk to reward here if you have a stop just below the retrace level... Feel free to hit me up with any questions! LIKE, COMMENT, FOLLOW
Fundamental idea that term premia should revert back to historic norms supports this trade.