Looks like there are fundamentally different outlooks on the economy.
US30 Bonds looking to break higher but for how much longer?
-current congestion at old support/resistance, neutral -below pivot, bearish -Alternate scenario for bullish: long on both pivot + channel breakout. Watching the 'today support' line for positive test
-deltas: current 'flight to safety' on political news -won't short yet, only if price builds under the resistance rectangle (currently price is supported above indicating breakout potential -real price, not this cfd is now 153^15
-scalp on overbought -rectangle must hold -temp only
Deltas: -broad market is hitting all time highs. -this would be a reversal play on that, pullback etc. Channel and rectangle must hold for trade.
Bond: Scalping long only if over both rectangles and divergence plays out.
Risk on or Risk off? Raoul Pal thinks its time to go long bonds....I like his Macro but let see how institutions are positioned before jumping on the new trend.
it will have or should have go down lets see.. i may be wrong on my analysis but there is some thing cocking up here...and if this go down DXY will go down also.
... if yes, sell PM & Miners & Crude and run for your life...
I know It's NASTY... But on the successful breakout of the inner falling wedge and reaching the target the more that 40 Year old bond bull market is OVER. The impact on all asset classes is enourmous.
I've said "long" here because I'm going to presume TV can't tell that it's the inverse when it comes to yield observations.