mmjotic

2021-07-20 US 30Y Yield - retracement

Long
TVC:US30Y   United States 30 Year Government Bonds Yield
Interesting price action on US 30 year bond. Inverse head and shoulders potentially developing at previous breakout area.

Fibonacci retracement levels nicely coincide with current level.

There's always the backdrop of more QE and a deflationary shock that could result in a double bottom or worse... At least the floor is 0% right lol? What a mess

Comments

Long 30 yr treasuries you mean?
Reply
mmjotic T-r-X
@T-r-X, No this chart is yield so its short 30 yr treasuries
Reply
T-r-X mmjotic
@mmjotic, I'm long TLT. So I have another opinion about yields.
Reply
mmjotic T-r-X
@T-r-X, That's cool
Reply
T-r-X mmjotic
@mmjotic, US30Y on it's way to 1% or lower.
Reply