10 year Treasury - what me worry?

Discussion in 'Technical Analysis' started by countryBoy641, Jan 15, 2023.

  1. While I am getting a huge (and tiring) runaround from DELL,
    seems others are giving the same treatment to us.
    And I mean the FED, with their sycophants.

    Stock market cheerleaders are breathless, that the rate increases are nearly over.
    But what say you, TA dudes?

    Please buy calls on the TLT with your money, not mine.
    The red H&S says 6.00%
    The blue one is a bunch higher.
    Can you say nested H&S?



    $TNX.jpg all of their
     
    Last edited: Jan 15, 2023
    comagnum likes this.
  2. maxinger

    maxinger

    there are 3 ways to look at it.

    Professional writers would probably say since
    it has broken the neckline, it would continue to go higher and higher.

    Another possibility;
    It has already gone up since Apr 2020.
    Time for it to go down.

    Another possibility;
    it will go nowhere.

    Need some fundamentals to understand the direction further.
     
  3. Or you could say, it already went down for 40 years ...

    $TNX1.jpg
     
  4. TA is great for telling you what already happened.
     
    Overnight, M.W. and Real Money like this.
  5. Specterx

    Specterx

    Looks like the juice is squeezed and momo has weakened considerably. Most likely a range will form between last few weeks' lows and prior highs, for at least a number of months.
     
    Collagen and countryBoy641 like this.
  6. I would simply draw this declining trendline on a weekly timeframe and trade accordingly. Otherwise, you could see this current formation also as double bottom and then trade the break of the local high ...
    Screenshot 2023-01-15 212919.png
     
  7. I think we're in the calm period before a major storm as it happened before.
     
    Clubber Lang likes this.
  8. Overnight

    Overnight

    When was the last major storm in the US treasury market? Asking for a friend.
     

  9. This LOL. Some bad or good news could hit on Tuesday and the price is going to react to that news, price does not give a flying freak about the scribbles on those charts LOL....
     
    Clubber Lang likes this.