inverse H&S breaking out. flight to safety? $SHY $IEF $SPY
Although I am structurally bearish US treasuries, I am bullish for a cyclical pop up to $131 on TLT.
35% of US treasuries are held externally, the Fed does not have full control over the interest rates until those treasuries are held internally and the US is internally funded.
At the beginning of the year it passed a key level where it was at in April-May of 2018 to maybe show some sign of a bullish reversal incoming. Will be posting a comment with 4HR timeframes to see the consolidation more clearly.
big volume in treasury bond ETF's past few months. money is shifting $IEF $TLT $SPY
Triangle PO just a click higher $SHY, $HYG
Nothing huge here, just watching for this trend to break as many others have recently. Major trend breaks = regime change. If this falls out of the pattern here, I expect the yield curve to invert not all that long afterward.
$VIX higher high, big divergence with $SPY