Algokid

ANALYSIS The Great Bond Sell Off is Almost Over (in my opinion)

INDEX:TNX   10-Year Treasury Note
770 6 15
You probably read ( or reading) by now that yield are going bonkers today. 10-year Treasury notes surged seven basis points to 2.84 percent, the highest since Aug. 1, 2011. Taking a look at the ^TNX , the10 year treasury yield index and, ZN             , the 10 year treasury note futures , we can see that they 're both approaching resistance and support point.

This is happening as the SP             500 is losing steam . In my opinion, if these resistance point and support hold , this could signal the end of the bond sell off for this year.

Cheers

Algo
www.passivestor.com
I need a little more room - 3.25% - but think that'll be enough for ZN to take a breather.
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kocurekc
3 years ago
I'm in partial agreement, technically, I would say thumbs up and we should hold. However, we've had a sustained period of extremely low rates (almost two years now in skidding the bottom).
I like the chart and I'll be watching over the next month or two. Great work, love the ideas and analysis.

I've also done a little time analysis using this chart.
Time Analysis of "The Great Bond Sell Off is Almost Over"

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Algokid PRO kocurekc
3 years ago
Thank you for your input. I 'll keep an eye on your analysis also
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Agrred - it may be time to dip one's toe into TLT
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Algokid PRO
3 years ago
This worked really well
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