Ishares 20+ Year Treasury Tumble with -15% crash ??

24 Okt 2024

On the above monthly chart price action has seen a nice 25% rise since November 2023. A number or reasons now exist to be bearish.

Incidentally, with all the recently published ideas on Tradingview, Without Worries appears to be the only one who is bearish.

The reasons?

1) Broken market structure confirmation.

2) Active price action resistance.

3) Rising wedge. A breakdown confirmation will see price action correct 17%.

4) $76 is the next support level, which is incidentally the measured move forecast by the bearish wedge identified in (3).

Is it possible price action continues to rise as most of Tradingview is calling for? Sure

Is it probable? No.

Ww

8 Nov 2024

Dagangan aktif

20 year note collapse confirmed.
This week price action exits the support channel.

26 Dis 2024

Nota

Was asked about the length of time this correction will occur.
I don't know, no one really does.
However studies on the dollar suggest the 20 year Bond will continue correcting through until mid 2026.

7 Jan

Nota

-7% so far, -8% to go.

Bond holders can't exit quickly enough.

14 Jan

Nota

Bond holders and I imagine a fair few banks running a cold sweat right about now.

8-10% down so far, plenty more to go.

Don't expect the target area to be support for longs, that thinking is for retail traders.