Bull Trap or start of a Bull Run ?
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The trend usually slows down near 100 & 200 DMA and sets up a trap for bulls/bear before moving sharply in one direction. Now that we know the property of the chart the direction is to be analysed.
With recession becoming the word of the year in 2022 the Fed and the US Govt are trying way too hard to change its definition only to keep the markets feeding for a little more time but markets have a tendency of coming back to their mean levels irrespective of excess money printing and cash flowing into equity. The Bond market tells otherwise - breaking out of its long channel giving a very bullish indication and does not look very good for the equities in the medium term. It's impossible to time the markets accurately when they will make their last highs but it should be very soon (acc. to the charts).
The trade horizon should be current and next month contract depending how long the bull trap takes.
Will be updating the idea as we go along.
With recession becoming the word of the year in 2022 the Fed and the US Govt are trying way too hard to change its definition only to keep the markets feeding for a little more time but markets have a tendency of coming back to their mean levels irrespective of excess money printing and cash flowing into equity. The Bond market tells otherwise - breaking out of its long channel giving a very bullish indication and does not look very good for the equities in the medium term. It's impossible to time the markets accurately when they will make their last highs but it should be very soon (acc. to the charts).
The trade horizon should be current and next month contract depending how long the bull trap takes.
Will be updating the idea as we go along.
Nota
Black MA - 50 DMABlue MA - 100 DMA
Red MA - 200 DMA
Penafian
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