The Bond markets were in the news recently as it dropped sharply last week, as long term Interest rates spiked up, right at trend line support at the Friday 3/16 CIT (change in Trend), We bottomed 1 TD later on Monday 3/19. It has key Down trend line resistance at 138.00, and declining daily, a close above which is bullish.
However, a drop below the recent 3/19 Lows at 135.05 would be bearish.
However, a drop below the recent 3/19 Lows at 135.05 would be bearish.
Other Daily CITs to watch are: 3/28, 4/12, 6/12, 6/27, 6/29
There is a regular 93 week Cycle in the Bond market, which is next due around the 7/13/12 week.
The Monthly Bonds is in a long term (Red) Up channel. There is a 73 Month cycle due in February 2012, but may have shifted into a 75 Month cycle due in July 2012.
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