Mid-Point of Rally is being TESTED AND 50% speed-line is being violated today AND price cluster at 127'16'0 is breaking (where every day touched for the past 16 days)
If no "bounce" from oversold here at the mid-point of the rally at 127'03, then sell @ market over the next two days. A market that can't bounce from oversold is even more weak.
Target 125'24. Stop 127'16 Last 126'23
Tim 3:24PM EST
Comments
Killy_Mel
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what is "oversold"? to me it looks like a healthy uptrend since June=)
Killy_Mel
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=)
Justiceisfalse
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Will all depend on what the Fed says me thinks.
Justiceisfalse
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But I tend to agree with you. I have been trading the ZBs and all levels were just sliced through and oversold is staying oversold with minimal bounces that are all pounded
timwest
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Very true. If I were to tell you that the Fed will hike rates, what will you think it will do? And if the Fed stays pat, what do you think it will do? In either case, I think the bond could go lower. It will likely wait until the announcement, just because that is what markets tend to do, wait to act on the actual news, but the market is tipping its hat. Wouldn't it be great if TradingView would do its own "consensus" opinions about market news and potential market reaction to news? I think that would be valuable to have here at TradingView. What do you think? Would you register your opinions about upcoming news items and guess/project/prognosticate?