Quick setup that i am watching (but not going to take due to portfolio skew is already net short)
- March 20th 2020 Expiry
- $137 Strike Call
- Delta = 0.70
- Cost = $4.18/ contract (mid offer)
Profit Target/ Exit:
- Initial target = $144
- Exit = close below the daily 200 SMA
50Y gb bonds are standing on the decision level.
being broken to the downside, bears will most likely push the price lower to a current market low.
bearish bias is also based on the clear and strong bearish trend.
intitial target level is 0.83
but in case of a breakout there will be also a possibility for futher bearish...
We are finally breaking this big wedge I have been monitoring for awhile. Last week we had a big $TLT print that was just huge.
📊 6,683,190 😱
We are well above that now and I think a big move is coming.
We saw massive block trades today in Daily Edge Live at the upper red dark pool level. We had these blocks on Friday as well. Bearish.
See attached TV idea below for additional reasons.
📊 2,873,655 😱 ⚫️ #DarkPool
📊 6,683,190 😱
That’s right, the most hated bull market in history is about to get a bit more bullish if the TLT is to be believed. It might suggest a higher, broader move in markets. Keep an eye out friends!
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US 10 year bonds is trading within a triangle pattern on a daily.
on 4H we have a perfect match of a harmonic bearish abcd pattern and a falling resistance line of the triangle.
based on this analysis I believe that the market will drop from the underlined area!
target levels are based on a horizontal structure and the...
Since the YC inversion in August last year (2019), there has been a "crack" in correlation between the US02Y and USDJPY.
I expected the YEN to strengthen as the Japanese short the dollar against the YEN to hedge against the rising US Govt bond prices (due to the rate cuts) considering Japan holds a significant amount of US Govt debt.
My initial thoughts on this is...
- TLT is looking very bullish here after a successful hold of the gap. After printing quite a bullish candle and a triple bottom, TLT is poised to break to the upside here
- Micro falling wedges are extremely powerful in the short term. In the scenario that TLT starts to break 137 and it holds that level, then we believe TLT could see significantly...
The $DXY is reaching a key decision point. It’s teetering on a very key level. Looks like it is breaking down. If it holds. Looks like a double bottom. If it fails it will be putting in lower highs and lower lows
Looking at 30 year UST yields key levels are at 2.2% and 2.4% on the weekly chart.
Break and close above 2.4% could indicate we have bottomed, but close below 2.2% and we're probably heading lower, meaning the rally in yields (sell-off in bonds) was a retracement of the heavy buying buying before the rally in treasuries continues.
As described within the chart, there is an excellent opportunity here with going long TLT (20 year bond etf)... Oil took a small turn down today (still expecting sub $50) and could be seen as an indicator of further downwards price action for risk on assets... Equities continue to grind higher with little news propelling it forward... Gold is also looking towards...
Daily Chart Explanation:
- Price was on an Ascending Channel and broke it.
- Now, it is developing a Bearish Corrective Structure.
- If price breaks it, it has potential to move down towards the Middle Support Zone first and, then, continue towards the Primary Support Zone .
Long story short. New highs incoming.
I went long today before VIX loses its mind from the good ole "EVERYTHINGS GANA CRASH" people and premiums on calls/puts go wild.
RSI is trending up. not over bought yet.
Gold sold off hard today. Still down trending off a massive weekly resistance
TLT had money go into it and its rise got smacked back down...