Bonds priced in yesterday's risk-off sentiment. On 30 min charts we have a perfect Sickle Pattern. If you traded this pattern, you would have made 10 ticks on the ZN. The Sickle Pattern is exclusive to Ghostsquawk, so if you want to learn more about it, consider one of our trading courses. The Kovach OBV is still very bullish, but the Chande indicates a...
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Already broke down, equities about to get a rude awakening.
Monthly chart since 2009 shows 30 year T bonds reaching the end of their elliott wave up trend.
My readers and my followers know about the first chart I look at every morning to predict stock market movements. The bond markets. Specifically, the 10 year yield (TNX). Remember, bond price and yields are negatively correlated: when bond prices move up, the yields drop lower and vice versa. A lot the the money managing community rely on the asset allocation...
Description: An analysis for the week ahead. Points of Interest: 4-Day Island; Gap; 4-Day Balance. Technical: Mixed messages provided after equity indices broke the short-term, momentum driven uptrend, and corrected on June 11. Overall, the island of balance left behind, after the market sold-off, is still intact and will offer resistance on upward...
After an extended 5th wave in the impulse, ZN has broken down (as anticipated from this pattern). After ranging yesterday, it is up to the vagaries of risk sentiment to decide where it will go next: if it will rally or breakdown further. It seems likely we will see strong resistance around 138'18 and 138'21. The Kovach momentum indicators are gradually shifting...
I want to give my outlook on the current market conditions, with the focus on the US equities market as it draws a lot of attention these days. During May and the beginning of June, we’ve seen an unprecedented “comeback” from the abyss caused by February-March – arguably the fastest in the history of S&P500 crash recoveries. Astonishingly, the market managed to...
Description: An analysis for the week ahead. Points of Interest: 4-Day Island; Thursday Liquidation; Balance Area Below S&P 500 $2,975; Friday Corrective Action. Technical: Risk-off sentiment after equity indices erased an earlier gap that occurred on hopeful economic data. The island of balance left behind will offer resistance on any correction...
Bonds have rallied, but not to the extent that stocks have collapsed. ZN has validated our position that it would rally and fall, missing our level by 10 ticks or so. They are likely to range today, on account of the rally, and the fact that it's Friday. Watch 138'14 and 138'27, two Fibonacci levels. The Kovach OBV is still pretty bullish, but the Chande has...
Bonds have almost completely retraced June's decline. They have faced resistance, however at almost all of the Fibonacci levels we have spelled out earlier. The Kovach Momentum Indicators have turned positive, validating this uptrend. There is one more vacuum zone to cross, which will likely provide great resistance, as this is the anchor of our Fibonacci...
the price break the price channel and is goin to make a corection before is going UP then it gonna hit the resistance line
Entry $17.00 TP1: 33$. Multi-year Bullish Harmonic String. Supporting Mean Reversion Levels. Thanks for Pondering the Unknown with me, Glitch420
The strong rebound that occurred Friday, confirmed the lower level of the Pitchfork. Friday's strong selling volumes suggest we marked a low.