ZN For long term investmentThe ZN showed an equilibrium of trend since 15 April. So for long term investment, we need to wait for the point break of the rectangle
Only the rectangle could give us an idea of how it would move for the next month.
- Right now if you have already placed a long term investment in ZN you should keep it and wait for the beak of equilibrium, to decide the next move.
- If you think about investing for the long term in ZN, it would be better to wait for a breakpoint sign of the equilibrium.
Tnotes
T-Bond futures peakedThe weekly chart shows the recent surge is likely topping, and might start falling between now and the next 3 weeks probably. Fundamentals favor a decline as governments go into spending binges to counteract the virus induced crisis. @timwest pointed out this short idea recently, props to him for spotting it. I do like how wild the disconnect vs #Gold is now, might be interesting to look into trading the spread soon.
As a sidenote, the asset classes that sold off while this rally was occurring might turn around by the 2nd week of April (like stocks and #Bitcoin).
Cheers,
Ivan Labrie.
10Y T-NOTES : EARLY
Here is the situation that resembles gold and silver.
It is early to speak of a complete negativity, only a loss of power in the positive region.
The RSI channel is in a strong image.
It's a little early for the short.
There are new hills up there.
I need at least stochrsi's approval for the long.
I think the bottom of the middle band for the short position.
This instrument is the most traded future.
So I felt the need to share.