Looks a bit like bullish divergence in the chart of AGG. It would surprise the greatest number of market participants if the long-awaited interest rate rally turns out to be a bond (price) rally instead.
Price trend forecast timing analysis based on pretiming algorithm of Supply-Demand(S&D) strength.
Investing position: In Falling section of high risk & low profit
S&D strength Trend: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's S&D strength Flow: Supply-Demand strength...
Technical analysis is great for free market securities, but, when it comes to treasuries, the Fed remains the bigger decider of price direction. Fundamentally, this instrument is set to go down further. The positive economic outlook pushes the Fed to raise rates and prices do not reflect their target yet. Over the coming two years, unless there is a dramatic...