The Big Bond Bear

Telah dikemas kini
30+ Year USTs forming a clear inverted cup and handle. With stocks pushing upwards this is destined to fall. First target 455.

I'm actually bullish USTs because there is still the election on the way, it's a nice hedge as part of my portfolio but I won't fight the price action here.
Nota
The attempted downward move was quickly snuffed out by equity market churn. It's acting as a nice hedge right now. I'd say this idea is invalid if it goes beyond 505.
Nota
The move has finally materialised. Expecting a bounce at 465 before continuing downwards.
Nota
Bounced just before 465. With OPEX next week I'd take some / all off the table and wait out the week.
Dagangan ditutup: sasaran tercapai
Bounce actually happened below 450 before equity markets and USD turned, making this a good long since then.
Cup And Handle

Penafian