S&P500 daily chart shows rising double peak, but corresponding falling RSI peak. Bearish.
Gold in AUD daily chart- Still in uptrend.
Platinum- Breaks long term downtrend.
Trend reversal for AUSTRALIAN 10 yr yield..
Testing times for US 10yr Treasuries.
According to Bulkowski- Falling Wedge is an over all poor performer as far as bullish formations go, however it has a 68% of upward breakout. NB . since the formation is over 3 weeks old, it is a falling wedge and not a Flag and Pennant formation. For further details, refer to the link below: thepatternsite.com
According to Bulkowski- Falling Wedge is an over all poor performer as far as bullish formations go, however it has a 68% of upward breakout. NB. since the formation is over 3 weeks old, it is a falling wedge and not a Flag and Pennant formation. thepatternsite.com
Gold in AUD- Compared with AUD/USD forex.
S&P500 and effects of QE 1-4 Color coded. QE 1 through the present day QE 4. Each Quantitative period in their own color band.
Dow Jones- Fails to confirms S&P500 breakout.
Gold in AUD - Falling Wedge (Bullish bias).
The grey shad is the first 2/3rd of the triangle (point of average breakout). Upward breakout has a 60%, downwards 40% according Bulkowski's research.
According to Bulkowski's reasearch- this has a 60% probability of upward breakout. It is not a Pennant in an uptrend (since it is over 3 weeks old).
Broken yellow trendline and still below.
Australian 10yr Treasury Yield still in downtrend (as long as below green downtrend line). If yield breaks above red line (1.20%), trend reversal has occurred.
Huge move down starting late '18 to early Sep '19 (from 3.25% to 1.43%). Whist overall the US 10 yr yield will likely fall over time, a short term retracement bounce to 1.86%, then possibly 2.125%.