Posted by timebandit on 18th of Aug 2021 at 10:14 am
$TNX Weekly- There is a big triangle pattern here. The moving
average ribbon crossed over from bearish to bullish configuration
last year and is now pinching. The MACD has reset and may be trying
to bottom at the zero line.
$TNX Daily- The moving average ribbon is in a bearish
configuration. There was mildly positive divergence at the recent
double bottom. Since then, it has made a higher high and may be
making a higher low (remains to be seen).
If $TNX has bottomed then this will be good for financials and
banks (and probably IWM) and negative for tech stocks and TLT.
Nothing is confirmed. Just something to track.
Posted by mitchell on 18th of Aug 2021 at 10:39 am
Im targeting 158ish TLT / 170ish $USB based on sum of analysis,
which may happen during next (larger) pullback in a flight to
quality. Dont think rates have hit bottom yet. TLT chart is
bullish.
$TNX Weekly- There is a
Posted by timebandit on 18th of Aug 2021 at 10:14 am
$TNX Weekly- There is a big triangle pattern here. The moving average ribbon crossed over from bearish to bullish configuration last year and is now pinching. The MACD has reset and may be trying to bottom at the zero line.
$TNX Daily- The moving average ribbon is in a bearish configuration. There was mildly positive divergence at the recent double bottom. Since then, it has made a higher high and may be making a higher low (remains to be seen).
If $TNX has bottomed then this will be good for financials and banks (and probably IWM) and negative for tech stocks and TLT. Nothing is confirmed. Just something to track.
Im targeting 158ish TLT /
Posted by mitchell on 18th of Aug 2021 at 10:39 am
Im targeting 158ish TLT / 170ish $USB based on sum of analysis, which may happen during next (larger) pullback in a flight to quality. Dont think rates have hit bottom yet. TLT chart is bullish.
Yes, a lot of resistance
Posted by timebandit on 18th of Aug 2021 at 12:11 pm
Yes, a lot of resistance overhead for $TNX. Odds stacked against it.