ZB - Bonds on the waySo Forkers - here's your Bond Trade I've mentioned in the free ForkTrading Group Weekly Outlook.
Next Station, WL4.
P!
ZB1! trade ideas
ZB descending channel A lower low ("B" compared to "A") below a descending channel can signal continuation.
Keep diving?30 Y under significant pressure. Hasn't come out of VWAP bands in some time. $TLT $IEF $GLD $GDX $DXY
Gold holding up well given bondsUgly selloff today in bonds. Not a good sign. $TLT $GLD $GDX $SLV $SPY $VXX
ZB Weekly analysisResistance at the 38Fib. Waiting for a continuation above the 38 Fib with Aussie gaining strength against the Yen. Looking a for a target to the 50 or 6i.8 Fib.
Bonds Poised for Big Breakout$TLT $SPY $GLD $VXX $QQQ $IEF Poised for the upside. Multiple 200 SMA time frames.
$ZB_F$SPY $TLT $VXX $QQQ $IWM $UVXY $GLD $GDX Bonds hammering on the hour off weekly VWAP (blue dots)
$ZB_F back to recent key juncture All is Well in world Bonds back to reality, interest rates arn't going lwoer
Bear Flag on 30-Year Treasury Bond (ZB)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.
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Caution for 30 year bondsThere are a number of things in play which could point to a possible sell off.
1. Volume spike blow off at recent high
2. Ascending triangle - bearing pattern
3. Break out failure/bull trap at recent high
4. Divergence on 3/10 Oscillator
It doesn't seem logical that bonds could sell off here, but on the basis of the above, there is only one thing to follow, and that is price.
Gold is displaying the same sort of behaviour. I will do another chart on that.
If bonds and gold fall, it would only give possible strength to the argument for more upside on the futures indices.
