$VUTY - Accumulating Needs to break above 17.40 to confirm, but I am liking the higher lows and slowly building a position in anticipation of a break higher.
VUTA trade ideas
weekly fractal on the US treasury bondsA fractal highlighted on weekly US Treasury bond chart. The price is touching now the yellow 50 moving avarage the second time, with the same fractal as in the past
VUTY Daily - Break confirmedWe have been eyeing the bullish inverse head and shoulders that has been developing and we finally got our break today... onwards and upwards
VUTY Daily - Should explode higher when eventually breaksBeen waiting ages for a break on this ETF... its just looking more and more bullish. I think we can see an explosion higher when 19.15 eventually breaks targeting 19.80. Been building a position while it has been consolidating
VUTY Weekly - Lateral support I am not as bearish on dollar as general market consensus.
From a technical perspective:
- Sitting on good weekly support
- RSI divergence
- RSI oversold territory
- Extended from 20SMA
Slowly scaling into my long term portfolios at these levels for a bounce -think the RR is decent and a 1.4% divi yield helps. Good diversification option (dollar & fixed income).
