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Singaporebonds

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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