$TLT has reached the end of a huge weekly and monthly down trend, and made me think it could be a long lasting bottom for fixed income here. Question is: Does this low hold after the next FOMC or not? The daily chart shows a setup where a daily uptrend is set to expire by tomorrow, which could mean the current advance is over, or, perhaps, it needs some time...
Breaking the strongest order area, which is a very strong support area and coming down to the strongest bottom points, which is also a request area, knowing that he broke it and coming down hard right now, he's going to re-test the region and then we're going to get a very strong direction.
The public treasury broke the lowest order area and is also a very strong support area and this is evidence of the continuity of the landing
After a strong climb reversed its direction and came down strongly and achieved strong bottom targets and currently close to strong demand areas breaking it is the biggest selling opportunity
We now have a good signal here indicating bonds can rally substantially in the coming weeks. I've bot a bull call spread to capture the upside here, expiring on Dec 10th, for the March contract. It allows me to fine tune risk and maximize gains if the trade works in a way that an outright futures long position wouldn't. If you can, join on Monday on dips, if...
DAILY - Double NR7 is making T-Bonds look like there is a shorterm top in place. Trend is still up. Price > 20 (155'01),50,100,200 DMA, with all but the 200 in a positive slope. Strong moving average convergence in the 154'24-155'02 area. Looking to buy a pullback. Long end has been strong with the flattening of the yield curve, this is the current macro trend,...
Entry plan is based on the US 30yr T-Bonds Topping Pattern . Watching the fib retrace area for a high that would establish the right shoulder within the monthly head and shoulder pattern. Quarterly bull cycle counts point towards a high during Q1 '18 which aligns with the monthly target of February '18. My trading account would welcome an earlier high with...
We are getting the beginnings of our Harmonic Breakout to upside this AM. Targets Shown on Chart.