Kumowizard
Long

Meanwhile in Italy... (BTP/Bund)

59 1 4
Weekly:
Not much change, bullish consolidation right below key resistance zone of 1,35-1,40

Daily:
- Bullish Kumo breakout? Forward Ichimoku structure (both spot and forward components) has bullish bias. Note that both Kijun Sen and 100wma point up!
- Minor pull back seems to be over. Couldn't even reach 127-130 bps             support. It looks like Mr. Market doesn't believe in a dovish ECB now.
Heikin-Ashi gives buy signal (DMO needs to confirm)
- MACD signal: consolidation
- EWO is bullish , histogram ticks higher

Please read my previous post too about Bono/Bund spread
2use
2 months ago
I looked on weekly charts of many countries... oddly Italy is the only one oversold and giving signs of a turn. Separately, its a greater idea than with the whole picture - going down the world may take it with it.
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