Zn1
Elliott Wave Video Update; GOLD, USDPY, EURUSD, BTCUSD Hi everyone,
I hope you had a good weekend with your family and friends.
Finally, after a long time, I decided to give you some updates in a video format, looking at gold, euro, jpy, 10 year us notes and even bitcoin.
If you enjoy it, please give me a feedback in a commentary box below.
Trade well,
GH
Treasury Bill multi-day increases as predictor of S&P 500 SellThroughout the rally since April, Treasury Bill multi-day increases like the one we are seeing now have typically predicted corrections in the S&P 500 by 1 week to 2 days.
Strategy: short ES (when other signals such as VIX confirm) and long 10-year Treasury futures.
US 10 year T-note; Clearly a Continued SHORT!Despite appearances US T-Notes & Bills will absolutely obliterate US equity returns in this investment cycle! - The math being inescapable, despite all the wishful thinking in the world.
Let's put an exact number on it; How does >+4% annually over US Equities sound?! (Yes, do check the math - as I'm sure of it!)
Incidentally the U$D is bottoming here and it is a Massive LONG, for now.
E.g. The decline in US T-Notes is likely to be slow and shallow.
YIELDS GO UPZN futures broke the 200 EMA for the first time since the end of 2018.
Higher yields on the 10y treasuries are on their way.
But let's be clear. Government debt isn't a bad sign in general, but it will be interesting to watch how the FED will (or if they will) react to this new development.