Bonds are having trouble making higher highs. Both Kovach momentum indicators have levelled off or retraced, and we have a red triangle at the high of that candle at 139'10'5, indicating a pullback is coming. Look for ZN to establish value in the highlighted region. Additionally volume has dropped off, and we appear to still be maintaining a sideways corrective phase.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.