10Y T-Note - Update. Hold your positions!
Weekly:
- Some hesitation freak happened by the end of last week due to mixed FED comments and mixed US macro data, but in fact the weekly Heikin Ashi candle with both upper and lower wicks is a signal for possible bullish continuation.
- haDelta is further up
- Ichimoku setup and the bullish trendline is intact, weekly Tenkan and Senkou A both point up.
Daily:
- Here you can see more clearly the sign of hesitation within the Kumo cloud. Two bullish HA candles followed by one green with two wicks and by one red. This might have freaked a few longs. however Price held above Kumo bottom (current Senkou B) and today we may get a green Heikin Ashi candle again, with haDelta crossing up above SMA3. In this case the haDelta bullish cross would take place above zero line.
- The bias I think is still bullish, obviously real acceleration would take place above Kumo and Kijun Sen, so if Price could make a break above 128,50. That is the level where counter bears would capitulate and where more conservative trend followers would add to long positions.
p.s.: I don't really understand why the bullish trend in 10Y Treasury should change, when more than 17 % of global debt is trading at negative yield now! Of course this is the biggest bond bubble ever in history, but it won't end any time soon. Not until CBs all around are printing fia money.
Some may say "OK, but the FED is about to hike rates!". Yeah, they say they want to, but will they do it? Anyway, retae hike is pretty much priced into the front end of US curve, and even if that happen, that will be very gradual, causing curve flattenning rather than blowing up 10Y yields.
Anyway, the chart will tell you in time when to exit and when to enter bearish UST positions. For now I don't see reason to be strategic bearish on 10Y Treasuries.
- Some hesitation freak happened by the end of last week due to mixed FED comments and mixed US macro data, but in fact the weekly Heikin Ashi candle with both upper and lower wicks is a signal for possible bullish continuation.
- haDelta is further up
- Ichimoku setup and the bullish trendline is intact, weekly Tenkan and Senkou A both point up.
Daily:
- Here you can see more clearly the sign of hesitation within the Kumo cloud. Two bullish HA candles followed by one green with two wicks and by one red. This might have freaked a few longs. however Price held above Kumo bottom (current Senkou B) and today we may get a green Heikin Ashi candle again, with haDelta crossing up above SMA3. In this case the haDelta bullish cross would take place above zero line.
- The bias I think is still bullish, obviously real acceleration would take place above Kumo and Kijun Sen, so if Price could make a break above 128,50. That is the level where counter bears would capitulate and where more conservative trend followers would add to long positions.
p.s.: I don't really understand why the bullish trend in 10Y Treasury should change, when more than 17 % of global debt is trading at negative yield now! Of course this is the biggest bond bubble ever in history, but it won't end any time soon. Not until CBs all around are printing fia money.
Some may say "OK, but the FED is about to hike rates!". Yeah, they say they want to, but will they do it? Anyway, retae hike is pretty much priced into the front end of US curve, and even if that happen, that will be very gradual, causing curve flattenning rather than blowing up 10Y yields.
Anyway, the chart will tell you in time when to exit and when to enter bearish UST positions. For now I don't see reason to be strategic bearish on 10Y Treasuries.
