Bond Plunge Done?

Almost.  Even freedivers have to come up for air. Please don't get me wrong, after 35 years this looks like a long term change of trend ( please see Oct.17 post Would You Buy This?)
BUT
Eventually the selling is done and there is nothing left to do but ...breathe.
 6 mo. chart
click to enlarge
Note the positive divergence on the RSI.
There looks like room on the Elliott Wave count for some further lows and so the Fib retrace points above are theoretical.
3 yr.chart
click to enlarge
Lots of spec shorts in there now as is often the case as the 3 wave matures.





Comments

  1. You can find plenty of totally different chessboard and chess piece designs online so choose the one you like essentially the most and you’re bound to have a fun and interesting evening. Specializing in 3D printing of spare elements may be very profitable. Manufacturers are often confronted with the challenges producing spare elements present phrases of|when it comes to|by method of} cost and stock. Many merely don't have the space to deal with all of the elements that go into assembling their merchandise or the budgets which are be} required to make and stock them. Add to that the delays in ordering elements from abroad and the impression that has on buyer relationships precision machining and businesses can find themselves in bother when repairs or replacements are needed.

    ReplyDelete

Post a Comment

Popular posts from this blog

WTI Update- a 4 Handle Future?

Biden Climate Plan and Global GDP

Gasoline a By-product of Distillate