Similar to last time the HG touch below the 2.55 area: trade some time below, get momentum and break above, trending higher. Looks similar right now. The trade setup is good because the stop is clear.
This is the third time this level (1.80/1.85) of SPY/TLT is tested. Will this one be the last so this ratio break to the upside? That will be basically a mix between SPY going up and TLT going down.
I don't trust too much in SPY to the upside, but its not crazy to see this one at 220/225. But if I have to guess, I think this ratio is going to break out because of...
Now TLT and ZB are breaking the bullish divergence... soo its not good. I like to wait TLT at 109,25 (ZB at 140) because of the measure move and 1,618% fibonacci extension of the last leg down...
