לונג
TLT Chart Looks Very Bullish for Bonds
Disclosure: Long Jul 113 TLT Calls
From the chart above you can see all the makings of a beautiful technical setup. The RSI is strong, A/D line is rising, and the etf is clearly in a rising uptrend. The channel is marked by the two turquoise lines above. As you can see, on Thursday TLT hit the top end of this channel and is now retracing a little on a stronger than expected jobs report. However, it is still clearly in an uptrend and above the 8 ema. These are all bullish signals and still make me a bond bull until the channel is negated. Look to go long here on further pullbacks. 2.6% is strong resistance on the 10-year, however, resistance levels weaken the longer they are tested so i think bonds are primed for a further breakout.
From the chart above you can see all the makings of a beautiful technical setup. The RSI is strong, A/D line is rising, and the etf is clearly in a rising uptrend. The channel is marked by the two turquoise lines above. As you can see, on Thursday TLT hit the top end of this channel and is now retracing a little on a stronger than expected jobs report. However, it is still clearly in an uptrend and above the 8 ema. These are all bullish signals and still make me a bond bull until the channel is negated. Look to go long here on further pullbacks. 2.6% is strong resistance on the 10-year, however, resistance levels weaken the longer they are tested so i think bonds are primed for a further breakout.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.