Entering radar for next week. Will look for long in highlighted area.
TLT's longterm trend is down (see higher TF's). The daily TF presents a pullback. If price can break through the tiny (orange) shelf, we have a nice trade on the plate, at least down to the Centerline (my personal TGT1). P!
Bear market headlines about to pop up at -20% from 2016 high
The 30 year treasury yield has traded under 3.25% for almost 4 years now. The Fed continues to hike rates on a quarterly basis and Trump is unhappy about rising rates. Every day we hear how the economy is 'in great shape', and jobs data is 'as good as it gets'. More significantly what is pushing up rates are increased treasury issuance and the Fed's...
The orange stair stepping of the bigger structures (Pivots) on this chart show us, that the trend in this timeframe is up. But currently there is a opposite flow going on, to the downside. The flow is NOT the trend, but the minor stair stepping down on the level of the market breath. The white Fork is a "Pullback-Fork", as I call it. It measures the potential...
This chart compares the real yield of long term Treasuries (top) to gold in USD (bottom). The real yield is the investor in long term Tresuries expects to receive after allowing for inflation (nominal interest rate minus the inflation rate). At a glance there's visibly a strong negative correlation betweeen real rates and the price of gold over time. Research...
There was a precise and vigorous rejection from the upper parallel of this descending Modified Schiff pitchfork Stop above previous high at 147-00 Enter at 144-25 Take profit at 140-00
textbook head and shoutlders has not reached min. target. target at $115.
Long term downtrend about to resume. On the TLT play, I see under 108 by Jan 2019 option expiration.
So Forkers - here's your Bond Trade I've mentioned in the free ForkTrading Group Weekly Outlook. Next Station, WL4. P!
Here are the days trades that BigPOW generated for multi day swing trades, actually ES triggered yesterday. GC long FEb 8 at 1320 NQ short Feb 8 6475 ES short Feb 7 2684 ZB short Feb 8 144'24 will keep updating as new trades hit and watch these trades. BigPOW is new adaptation of the Day trade Algo
Rising channel support line at 140 area, possible reaction
At demand zone now, PO: 125 area $ZB_F, $TYX, $TLT
+30% from the bottom, on route to IH&S PO $GLD, $TLT, $ZB_F
The WEEKLY time-frame shows a bear flag. Price is below the Ichimoku Cloud as well; signals a downtrend. Action plan: Sell call options (vertical spread) when there is a pullback i.e. when the price goes up. More trading resources: www.patreon.com