Bund: Rising wedge spotted

2 Eki 2015

Bund's forming a rising wedge advance, which looks like a terminal pattern ending in a lower high.
A similar pattern is in the TLT chart, and probably also forming in the S&P500 in the coming days.

Time at mode trend signals have failed and led to a retest of the mode, and a new uptrend signal, and then a second one confirming this week after the close. I like how Rgmov isn't confirming this advance, so I'd be waiting to short the top, which promises a very sharp resolution to the downside, possibly retesting the 148 to 138 zone, making yields attractive again once there.

This setup will take patience, but keep a close watch of it, the timing might be way faster than what the trend signals suggest, and might merely be a matter of reaching the target prices. Entering the zone between 159.34 and 157.88 would give me enough incentive for a short already.

Good luck,
Ivan.

20 Eki 2015

Not

3 inside weeks in a row...big move coming, probably up.

9 Kas 2015

İşlem aktif

Reached target and it's a short as expected.