Price is also finding support at the 4/21 gap. A contraction of volume at support would be a bullish setup.
Now the real question, what would the invisible hand be telling us through a break of resistance in US long bonds?
US Long Bonds ETF (TLT)
Monday, April 26, 2010
US Long Bonds
Technical analysis, similar to that of geology, is the study of time and pressure. While price struggles with the March overhead gap, it hides the growing energy of the trend as illustrated by REV(E). The growing buying pressure is indicated by REV(E) approaching levels not seen since December 2009.
Price is also finding support at the 4/21 gap. A contraction of volume at support would be a bullish setup.
Now the real question, what would the invisible hand be telling us through a break of resistance in US long bonds?
US Long Bonds ETF (TLT)
Price is also finding support at the 4/21 gap. A contraction of volume at support would be a bullish setup.
Now the real question, what would the invisible hand be telling us through a break of resistance in US long bonds?
US Long Bonds ETF (TLT)
0 comments:
Post a Comment