If ever you follow the markets opinion than you know for sure: Interest Rates will go up. No matter what.
Maybe this is true. But right now we see a counter trend rally.
No one was expecting this. Also we have learned, that falling yiels are fueling the stockmarkets. We will see if this might happen this time as well. But we can not close our eyes and...
Nobody knows what happens in the future or even in the next hours or days.
But what we can see now are multiple set ups for higher stockmarket and bond prices
Maybe stocks and bond prices turns lower on monday or the weeks ahead. This can happen as well. But the intention of trading is to have an idea what can drive stockmarkets in any direction. What we...
Short till 158.75, then cover shorts.
I expect a big spike till 162.50(163 possible extension which will act as resistance for next months.
RSI and CC showing bullish divergence in the lower level range of both parameters
Bund was trending up consistently throughout the last years, with the close of this week price has broken through a significant breakout level (sell fractal) and sends this market into an overall correction mode.
The market has returned to important support and started to move higher again.
Moreover, we are in a stable upward trend.
I would open a position on monday and set my Sl under the support zone.
My first profit target is the next resistance, if we break these levels I would open more positions.
