Overview
Ideas
USB30YUSD trade ideas
USB30YUSD - Bonds about to Top out soon?Interesting how nicely the Harmonic Patterns have been working for 30 year Bonds. The Huge Gartley (purple) was perfect.
Will we see the next Cypher Pattern (blue) work for us? It completes point D at 151.90 zone, and should provide us with a nice sell zone.
Then we need to look out for a possible Butterfly Pattern (green) for a fast correction back down to the 142.50 zone, providing a good buying opportunity again.
This is a large time frame chart. Please look for the next post with a detailed close up view.
Thanks
Old Fart
Correlations: US30/DE10/JP10 yr bonds with the S&P/DowThis was an experiment to find any relevant patterns or correlations between US Bonds/equities. Nasdaq was not included due to it's high %'s skewing the perspectives on the chart
Green vertical lines were "buy signals", and the red lines were sells. The result is that there definitely is some correlation here with the "oversold"/overbought" position on US 30yr bonds and US equities. What I'm seeing is more often than not it is an accurate indicator for a trend reversal, and also that it is not time for a buy "long term" yet. That signal comes (more often than not) when the 30 yr bond price is overbought on a weekly timeframe.
I'm expecting an equities bounce in the next few days, but I'll be setting my long term buy targets lower. S&P around 2200-2300 wouldn't surprise me before the end of 2019
US 30 Year Bond is testing it's daily uptrend line and supportI posted this as neutral because it can go either way from here. I shorted the future 2 days ago but did not buy TMV in my 401k.
For those who are short, this is a take profit area if support holds. I will put a tight stop loss here. A long position can be taken here depending on the price action. If it breaks support and the uptrend line, short at an appropriate time. usb30yusd usually falls with dxy strength.