Use TMV to bet that the biggest bubble ever is about to blowThis massive 35-year-old bubble is about to blow
Treasurybonds
Sell the hell out of LT treasuries if we pullback to the meanOne of the most obvious trades out there. Pullback to mean would be KILLER value. Will be watching this closely and using Marty Armstrong's Socrates levels for confirmation.
There is certainly a chance we continue down further to that next support trend line before pulling back. In that instance we may see a H&S formation occur with the right shoulder at fib.
Inflation really here?TNX has been rising very rapidly. Now it's above 200-daily moving average. RSI is signaling overbought, but one must remember that it can stay overbought for some time.
Maybe investors are realizing something?
twitter.com
Is this the end of the Euro-Bund bubble ? ? ?Euro Bund. The break of the two tentative up trendlines may suggest that a correction in price already started.
The below confirmed trendline ( solid green line), may act as support if the price will get there.
Bonds - \ZBBonds recently completed a 9 week right triangle and stayed below with Friday's close. I am personally not in the trade - not every market opinion you have warrants a trade, I have learned.
A measured target for this move would be near the 164.25 area.
Time To Sell BondsLooks like we're topping out here at the peak of a massive ascending wedge. HIGHLY likely we form a beautiful high test on the quarterly chart but I'm not going to wait around for that to happen.
Martin Armstrong's Socrates signaling major trend change to downside within TLT which confirms techs.
Trade Management:
First major area of support seems to be around 115-120. We'll likely breakout and retest that level, then head back up to test bottom of wedge before headin down to the 100~ area where we formed our major 2014 low.
Best guess is we bounce off of the 100~ area heading back up to the monthly 50/60 ema and 115-120ish level to form a right shoulder.
If/when we get that right shoulder we'll then break down to all time lows. If this occurs it is going to be due to massive instability within US Government. Probability of gov default will rise DRAMATICALLY and could likely occur.
