Talking some more about EURUSD and why I think it's about ready to have an about face and go back up, looking once more towards something that represents treasuries with maturities in the range I had shown as being useful for indicating EURUSD relationship moves. NASDAQ:IEI represents 3 to 7 year maturity treasuries, and with the 5 year being the metric I've...
MESA and MACD Seasons applied to Credit Spreads aka quality versus junk bonds
Daily view of IEI/HYG Credit Spread (quality v junk) with MA's
NASDAQ:IEI * Someone is bullish on short-term BOND that leads me to these scenarios: - Aggressive increasing interest rates during 2022 by FED. - SHORT term Bond gain > LONG term Bond gain that means classic confirmation of Recession. *Macro economy analysis adjust your positions accordingly.
As you can see on the chart, $IEI/$HYG has broken through the ichimoku cloud, which has not happpened for over a year. This could indicate a major pullback in all markets. I would definately keep positions small and stay very careful this week. Good Luck!
Credit spreads are starting to creep higher. Something to keep an eye on. Break into next zone would be concerning.
They are starting to creep higher, which is bearish for equities (SPY inverted in orange). Something to keep on your screen this week.