Obviously treasury bonds are poised to fall considering the
fundamentals. Charts don't care about fundemantals but on the
weekly chart you can see the the uptrendline is broken.
Where can be a good entrypoint for shorts (or longs in TBT)?
resistance @ 121 with also 200 ma
@122.5 - 123 gap and broken uptrrendline
@124 - 126 more resistance 20 ma and 50 ma
Is anybody looking for a swing short entry? Where?
I don't trade TLT or TBT as such, but I trade the futures
contracts - either ZN ( 10 year treasury note) or ZB ( 30 year
bond). To me , I was also expecting a bearish scenario, but the
last few days price action in the bonds has me more bullish. In the
ZN chart especially, I see the price broke down through the August
lows at around 145'27 last week, but has since rallied back above
that resistance/support level. To me, this is a classic "fakeout"
type pattern and can result in quite strong moves.
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TLT
Posted by zwyss on 19th of Sep 2012 at 05:24 am
Obviously treasury bonds are poised to fall considering the fundamentals. Charts don't care about fundemantals but on the weekly chart you can see the the uptrendline is broken.
Where can be a good entrypoint for shorts (or longs in TBT)?
resistance @ 121 with also 200 ma
@122.5 - 123 gap and broken uptrrendline
@124 - 126 more resistance 20 ma and 50 ma
Is anybody looking for a swing short entry? Where?
I don't trade TLT or
Posted by payday on 19th of Sep 2012 at 08:19 am
I don't trade TLT or TBT as such, but I trade the futures contracts - either ZN ( 10 year treasury note) or ZB ( 30 year bond). To me , I was also expecting a bearish scenario, but the last few days price action in the bonds has me more bullish. In the ZN chart especially, I see the price broke down through the August lows at around 145'27 last week, but has since rallied back above that resistance/support level. To me, this is a classic "fakeout" type pattern and can result in quite strong moves.