- Ichimoku looks bearish. But Ichimoku 101 says bearish Kumo breakout is only confirmed if Price closes below previous subst. low! That is 129'02 - 129'09
- Triangle is broken
- Heikin-Ashi turned bearish after bulls failed to keep price above Kumo, but haDelta/SMA3 and candle body signals some consolidation or pull back is possible in coming days.
- EWO is red,...
- Price is simply back above Kumo and Kijun Sen. Also broke triangle on the upper side.
- Heikin-Ashi is bullish
As bonds generally are better bid, it means
A) market doesn't believe any rate hikes any time soon, (They already price in Trump risk of low rates forever :-) )
B) market is getting ready for more risk-off,
C) USD may weaken further
No more comment for now.
We have a nice setup here in the bond market, we can look to go long on a break of yesterday's high with stops under the 129 mark ideally.
It seems like we can rally forcefully to reach 130'27 in a few days.
You can also play this one going long TLT during the US session.
If interested in my trading signals, or in personal tuition, contact me privately. I'm...
Weekly:
- Ichimoku setup is bullish until price holds above 128,80. There is some momentum loss as Tenkan started to point down!
- Heikin-Ashi also shows we have a momentum loss: second weekly candle with inside body and lower high. Recent candle also has a lower wick! haDelta below SMA3. Start of wave down is possible.
- EWO: loss of bullish power
Daily:
-...
If you caught this trade congrats...it's a nice move but it's time to trim some and pull down stops. If you missed this trade don't chase down here. Wait for another pullback. You can also take a look at the Bonds...they have yet to break down.
The note's caught people of guard when the bullish pattern failed. Inflation? That dirty word will bring the notes and bonds to their knees and it's happening. We will short all bounces.
The Notes, like Goldie, are consolidating and ripe to break this week. We rolled to the June contract Friday and we are looking for a leas one more day of consolidation. We want to wait for a break of our levels before getting involved.
- Ichimoku setup is bullish
- Heikin-Ashi turns bullish from Kijun support. haDelta/SMA3 back above zero.
- EWO is bullish
It seems the pull back and bullish consolidation is over. Market ready to go back above 132 again.
Possible translations:
- FED is deadly wrong (assuming market is right most of the times) and US is turning into recession -> US bond curve...
Weekly:
- Bullish trebdline still holds!
- Price back to equilibrium ard 127,50. -> Ichimoku setup is neutral again (not bearish)
- Heikin-Ashi signal goes firm bullish
Bears do not have good chance until price holds above 126, and they will be really squeezed if price spikes above 128!
Daily - more warning signals!
- EWO turns bullish!
- Ichimoku setup back to...
One target and stopped for us on the Notes. Looks like we were early on ti trade even though we believe lower note price are in the cards. We will keep our eye it...closely
The Notes trigger short for us. We are keeping stops a little tight as rumors spread about the FED. Regardless of any rumors we will manage the trade like all others.
We are in the Trigger Zone on the Notes and will be watching short term time frames for a trigger short. If we get the trigger then our final target will be a break of the lower wedge. REMEMBER: NO TRIGGER, NO TRADE!
The Notes had a nice fake break and are now wanting to test the lower part of the wedge. The Bonds broke their weekly wedge and closed on their Friday lows which tells us the Notes and Bonds are weak. We are looking for a short position on bounces in the Trigger Zone. This is a Weekly chart trade and we will be looking for huge break down on the Notes. ...
