$TLT 15 year channelHere's another perfect long term channel. It is a log chart of $TLT. I am long $TMF (3x leveraged ETF ). No price target yet as I want to see how this whole thing plays out.
TMF
Not to late to go bearish on 20 year treasury bills (TMV)We might be in a paradox where Interest rates and the Stock market (S&P 500) both move up together.
US10Y yields reaching a historical topYield's are tapping the top of this downtrend established since 1981 while the monthly RSI is at the most overbought levels we've ever seen. Also we can see that the yields are above the 144 monthly moving average that typically acts as resistance.
There is still a possibility at this rate, with how crazy this market is, that it could blow out of this channel and then meet resistance around 3.4%. I have doubts this will happen, but anything is possible.
Is J Powell watching this chart and greasing up the printer? Only time can tell...
I'm keeping an eye on this channel top for US20YSoon it might be a good time to buy TLT or TMF. The top for bond yields looks near to me as it gets close to this channel top. A good confirmation for a pullback would be to watch for a break in the stoch support.
You could argue that it is also making a megaphone pattern with the support at 2.6% and the resistance at the channel top. I looked into this pattern and it could be bullish or bearish unfortunately, so it is hard to say what it'll do until it breaks either side. I charted a bullish possibility and target if it does break out, such a move could end up quite bad for the market, so I hope it won't happen.
Bullish Bonds: Technicals vs. NoiseContrarian bet against the onslaught of bond bears.
RH Technicals vs. WallStreet
- Clean, MACD Bullish Divergence
- Descending Triangle, Completed E-wave signals new trend.
- 61.8% Fibonacci Retracement hit; Also referred to as the Golden Retracement . It is, after all, based on the Golden Ratio.
- And potentially a False Breakdown, likely to mirror the False Breakout of the B wave in the E wave.
Implications for the S&P go without saying.
Best,
RH
Bullish on TLT Swing sell signal will likely trigger this morning on TLT . To be confirmed at the open but ... looking good. ...
The above are for education and entertainment only. They must not be interpreted as investment advice nor recommendations. Trade at your own risk and mostly, trade safely and keep safe!
Cheers!
Treasuries: As usual, I was a little earlyI was waiting for the end of the wave to occur, but with the appearance of a descending wedge I know a buy opportunity awaits us. My apologies, I was just a little early! What worries me though is that with a rise in the treasuries perhaps the wider market will sell off?
TMF: Time to Buy Treasuries?There's a wiff of deflation in the air and the market has broadly, although not chaotically, sold off. It appears like a massive ascending wedge is developing in Treasuries.
TLT LongTLT has pulled back to a very key trend line with additonal supports coming in below. On the hourly chart, we have positive divergence on TLT meaning we should see upside soon in the short term. Given the postures of the markets and how treasuries act as a flight to safety asset, it is reasonable to assume they will go up in price as stocks fall.
For this trade, I advise picking up TMF (x3 leverage) with a stop anywhere from 28.00 to 26.60. I also recommend scaling into the position with 2 or 3 batches comprising your total allocation that you are willing to invest.
Buying The Drop on DBX - Bullish Divergence, Multiple IndicatorsNASDAQ:DBX is showing bullish divergence on the daily chart on multiple indicators. I have the Twiggs money Flow (TMF) and RSI above, and Stochastics below the daily chart. You can also find bullish divergence on the hourly chart with the extended hours. It's respecting fib retracements nicely. An entry anywhere around 32 gives great odds regardless if DBX goes sideways or bullish next. Otherwise, try the breakout ;)
US 30 Year Bond is testing it's daily uptrend line and supportI posted this as neutral because it can go either way from here. I shorted the future 2 days ago but did not buy TMV in my 401k.
For those who are short, this is a take profit area if support holds. I will put a tight stop loss here. A long position can be taken here depending on the price action. If it breaks support and the uptrend line, short at an appropriate time. usb30yusd usually falls with dxy strength.
