Short term not so bearish any more. Lift to the cloud?
- Price failed to break back below Kijun Sen (123,9375) which acts now as support.
- Heikin-Ashi gives a possible reversal buy signal today.
- MACD fails to cross down -> exp. more consolidation
- EWO may also tick up to zero
- Forward Kumo started to shade price -> Ichimoku may turn to neutral
I think we can see an A-B-C wave to complete in coming days, which means price can test even the 126 - 127 zone.
Reduce short exposure, try to catch minor dips to open half size swing longs.
Not just US Treasury, but also global bond mkts price action today suggest some risk off period is ahead of us. Rate outlook has not changed a bit, but if equities and risky assets face some correction, then bonds will be bought as .... ah LOL, very funny to say but ok, will act as "safe haven" :-D
- Heikin-Ashi gives a possible reversal buy signal today.
- MACD fails to cross down -> exp. more consolidation
- EWO may also tick up to zero
- Forward Kumo started to shade price -> Ichimoku may turn to neutral
I think we can see an A-B-C wave to complete in coming days, which means price can test even the 126 - 127 zone.
Reduce short exposure, try to catch minor dips to open half size swing longs.
Not just US Treasury, but also global bond mkts price action today suggest some risk off period is ahead of us. Rate outlook has not changed a bit, but if equities and risky assets face some correction, then bonds will be bought as .... ah LOL, very funny to say but ok, will act as "safe haven" :-D
