The US02Y has just completed a Head and Shoulders (H&S) pattern, which is a technical formation found on tops. The very same formation was last seen in October - December 2018 and caused a massive long-term drop on the US02Y. Check also the identical 1D RSI sequences leading to the top with Channel Down patterns. The US02Y peak was translated into a fall on...
In this update we review the recent price action in TLT and identify the next high probability trading pattern and price objectives to target
The US10Y is approaching the Higher Lows support of the 2022 bullish trend. Holding it can make the price rebound back to the 1D MA50 (blue line) and the dashed line of its growth zone at least. A break below it and in particular the 1D MA200 (orange line) can turn the trend bearish long term to the 1W MA100 (red line). The 1D RSI is on its (oversold) Support...
In this update we review the recent price action in TLT and identify the next high probability trading opportunity and price objectives to target
bearish head and shoulders pattern forming. the rise of the right shoulder is short term bullish. this is to test the previous resistances of Elliott Wave #3, and to test the previous support levels of (A) and (C)...I'm stalking a short entry near or slightly above those levels. Also goes with my theory of favoring short term corporate bonds. I think they are undervalued.
This is a 1W time-frame chart, showing the correlation between the U.S. Government Bonds 2 YR Yield and the S&P500 (blue trend-line). Some may perceive the recent 2-month rally on stocks as a coincidence but the US02Y price action shows that it is not and has a direct correlation with it. The 1W RSI on the US02Y has been falling within a Channel Down since the...
Let's see: This was the chart I posted this year: We reached the U-MLH. This is the stretch to the upside. How ever, it could go further towards the Moon. But usually, if price get rejected at the MLH's, we see the opposite move. In this case to the downside, to the Centerline. This is a great opportunity, the second time this year in the 10Y Bonds, which I...
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looking at short term bonds over the next 3-4yrs and take the monthly dividend. From the 4th Elliott wave to the 5th, then I'll likely convert over to the 20yr treasury in 2years to try to buy the D leg of the cypher pattern on the 20yr. see charts. In this chart, notice how the price action retrace back to the 3rd wave, this movement was a very big bearish cypher...
The U.S. Government Bonds 10YR Yield (US10Y) has gone a long way since our top prediction a month ago: As you see, the Lower Highs 1D RSI Bearish Divergence, accurately projected the top and the price broke much lower than the 1D MA50. On a short-term horizon, as long as it fails to close above the 4H MA50 (blue trend-line), we will be targeting the 1D MA100...
Bitcoin is currently testing a decisive resistance line (Zone 2). Current existing factors influencing financial markets: * Decreasing investors confidence 1. The continuance of recession-indicating economic reports - A recession is expected (lastest FED + inflation rate reports) 2. Further war escalations - Russia defaulting, economic allies are changing and...
Unless price can break resistance here, we're just seeing another lower high. This sets up $TLT for one more move lower. I think price is likely to retrace from here and take out the recent lows-- then we should see price bottom in the $88 range. Let's see how it plays out from here.
In this update we review the recent price action in TLT and identify the next high probability trading pattern and price objectives to target
A simple reversal trade setup on the Nasdaq. The tech index confirmed a double bottom pattern breakout on November 11th, the day after an epic rally which is among the best days of 2022. The breakout has not seen any momentum as different Fed heads have come out saying different things, and some geopolitical tensions. The markets are still determining if the Fed...
Look at where the 10y yield is currently trading - its right above its 200 period moving average at major resistance. This is yet another indicator to me that stocks have bottomed and inflation will start to fall away this year. Bond yields should fall away again as we move through the year. I bought heavily into stocks last week, amazon at $2050, Netflix at...
All in the video. SPX is hanging around it's 4hr neckline, no decision to sell just yet, Oil may be a nice short, 70 is the target I'm watching. XLE I think is also an excellent short opportunity but confirmation is under 90. Bonds look good and maybe had a very important long term low. BTC could sell some more a few targets are 145 12k and 10k Good luck
Technical & Trade View TLT ishares 20+ Year Treasury Bond ETF Trade View 101.13 Target Achieved, New Pattern Emerging Bias: Bullish Above Bearish below 99.00 Technicals Primary support is 99.00 Primary upside objective 102.85 Next pattern confirmation, acceptance above 101.50 Failure below 99.00 opens a test of 97.90 20 Day VWAP bullish, 5 Day VWAP...
The U.S. Government Bonds 10 YR Yield (US10Y) confirmed our huge Bearish Divergence spotted on our October 25 analysis and started the first pull-back since July: The price is now below the 1D MA50 (blue trend-line) for the first time since August 19 and today is testing it as a Resistance. A double candle close above the 1D MA50, restores the bullish trend...