TMF - Long Term Leveraged Treasury ETF
On this 4H Chart TMF has rallied in the past week about 9% as the reports of the impetus of
inflation has diminished. On the zero-lag MACD, the lines are staying above the histogram
which has not converted from negative to positive. The dual time frame RSI showing
low 1 hour TF in blue and daily TF in black has the lower crossing over the higher both
at the lows on July 10th and now both over 50 with the low 1 hour TF still above the higher
daily TF. This confirms bullish momentum. Price is on a VWAP breakout ascending from
the support of the 2nd negative mean anchored VWAP to above the mean anchored VWAP with
a retest as well. Price is now above the POC line of the volume profile demonstrative
the dominance of buying pressure over selling pressure. On the ADX indicator, a positive trend
is rising while down trend is dropping proportionately with the intersection and cross occurring
on July 12. Positive ADX is staying above 20.
Overall I see this as an excellent setup for a long swing trade targeting 8.05 in the area of
the values of the highs of June. A higher target would be about 8.3 where there were some
recent pivots If the fed does an about-face and pauses rate hikes, a significant rally could
ensue.
inflation has diminished. On the zero-lag MACD, the lines are staying above the histogram
which has not converted from negative to positive. The dual time frame RSI showing
low 1 hour TF in blue and daily TF in black has the lower crossing over the higher both
at the lows on July 10th and now both over 50 with the low 1 hour TF still above the higher
daily TF. This confirms bullish momentum. Price is on a VWAP breakout ascending from
the support of the 2nd negative mean anchored VWAP to above the mean anchored VWAP with
a retest as well. Price is now above the POC line of the volume profile demonstrative
the dominance of buying pressure over selling pressure. On the ADX indicator, a positive trend
is rising while down trend is dropping proportionately with the intersection and cross occurring
on July 12. Positive ADX is staying above 20.
Overall I see this as an excellent setup for a long swing trade targeting 8.05 in the area of
the values of the highs of June. A higher target would be about 8.3 where there were some
recent pivots If the fed does an about-face and pauses rate hikes, a significant rally could
ensue.
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