Bonds have been gradually overbought owing to a slew of risk off factors including global economic fears, and the trade war. At this point, we may be due for a corrective phase by the end of the week. There is a representative from China flying in, so this may provide a much needed respite from the doom and gloom.
The Kovach Momentum Indicators suggest that momentum is gradually turning negative, which may support our position. Shorting near current levels would provide high risk reward because there is a vacuum zone to the down side, and new relative highs would provide a good stop loss. We know we're wrong if these are breached.
The Kovach Momentum Indicators suggest that momentum is gradually turning negative, which may support our position. Shorting near current levels would provide high risk reward because there is a vacuum zone to the down side, and new relative highs would provide a good stop loss. We know we're wrong if these are breached.
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Join my discord at discord.io/quantguy
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.