Kumowizard
Long

US T-Note - Yield hunting

CBOT:ZN1!   10 YEAR T-NOTE FUTURES - ECBT
38 2 0
Well, it looks like bonds right now do not care about any rate hike comments from the "hawkish" FED.
10y T-Note Price is surging further (yield is dropping). This is not surprising as the whole world is in a yield hunting rush and bonds being bought globally, not just sending yields all time record lows, but in fact 16 % of total global debt is now trading at negative yields! So why should US bonds behave differently?
What's more, a pull back right now is even more unlikely if the global sentiment goes further in risk-off direction and/or investors anchor their views on deflation / no inflation .

Weekly:
Absolutely bullish picture both in terms of Ichimoku setup and Heiken Ashi method. We may see some temporary pause in buying around 131,85-132, but this doesn't mean anyone should think about a strategic short. Maybe we see a pull back from there, maybe we don't. When we get there we have to examine Heiken Ashi setup again.

Daily:
Obvious bullish channel, bullish Ichimoku and Heiken Ashi setup. haDelta and Oscillator are also confirming further bullish extension. The question here is the same: what will ard 132 channel top? Will we see some exhaustion, consolidation or pull back there, or Price will simply blow further up? Let's talk about it when we get there. For now those who are long bonds can be relaxed, those who want to fade the bullish move have to be patient as it's not yet time for shorts!
Krio
2 years ago
based on your method it looks like a swing sell today. am I right?
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Kumowizard PRO Krio
2 years ago
Sorry for late answer. Yes, that's correct. Yesterday HA candle was one with small but red body, with both higher and lower wicks. haDelta crossed back below SMA3. That was a good signal for a possible down move. Today's candle is red, haDelta is further down, and it looks like dipping back below zero line. We may see further selling towards Kijun Sen
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