Evening traders, been a while since I shared my thoughts.
I'm looking to enter short on TLT, as it's approaching historic over-extension.
Let's dive in at the key points:
1) It's gapped up and will likely close outside the BB, should lead to down movement next week.
2) Short term squeeze has begun to trigger, this week is likely the top.
3) RSI is overbought and approaching historic levels.
4) Stoch is overbought
5) Percentage volume oscillator shows trend strength is reducing.
6) We have bearish divergence on money flow.
A re-trace towards mid bb band / .5 is likely in order, if the weekly 5 EMA is supported I will exit the trade as there would be another leg up in store. This should coincide with one more up for the markets.
From a fundamental point, after inversion I believe market continues for 7 months upward, yes, I know, this time is different. Rates are low, fed doesn't have much ammo, corporate debt is outta control, I know, I know. The chart doesn't lie though, I think we will have one more up in the markets before the big collapse, and it just so happens I believe bonds are topping temporarily now as well.
As always, hit that like and follow button and let me know your opinion!
I'm looking to enter short on TLT, as it's approaching historic over-extension.
Let's dive in at the key points:
1) It's gapped up and will likely close outside the BB, should lead to down movement next week.
2) Short term squeeze has begun to trigger, this week is likely the top.
3) RSI is overbought and approaching historic levels.
4) Stoch is overbought
5) Percentage volume oscillator shows trend strength is reducing.
6) We have bearish divergence on money flow.
A re-trace towards mid bb band / .5 is likely in order, if the weekly 5 EMA is supported I will exit the trade as there would be another leg up in store. This should coincide with one more up for the markets.
From a fundamental point, after inversion I believe market continues for 7 months upward, yes, I know, this time is different. Rates are low, fed doesn't have much ammo, corporate debt is outta control, I know, I know. The chart doesn't lie though, I think we will have one more up in the markets before the big collapse, and it just so happens I believe bonds are topping temporarily now as well.
As always, hit that like and follow button and let me know your opinion!
If you find my information helpful, please return the favor and hit the like and follow button, it's very encouraging and keeps me motivated!
Twitter: twitter.com/Jedi_ant
Twitter: twitter.com/Jedi_ant
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If you find my information helpful, please return the favor and hit the like and follow button, it's very encouraging and keeps me motivated!
Twitter: twitter.com/Jedi_ant
Twitter: twitter.com/Jedi_ant
相关出版物
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。