US 30 Year T-Bond - Bearish Implications

Date: 28th October,2016 by Timothy Straiton


Current level at the time of writing is 162.40. Having broken an almost three year rising trend support line at 163.72, this market is posed for a healthy plunge. The weekly MACD indicator is now residing in negative territory for the first time since May 2014. Initial downside target is the Fibonacci 38.2% retracement level measured from the high of 177.28 to the low of 127.71 made in January 2014. The Fibonacci 50% retracement level based on the same range comes in at 152.50. This technically bearish development in the bond market will no doubt have far reaching negative influence on stock markets worldwide for some time to come.


The above represents the opinion and analysis of Mr Timothy Straiton, based on data available to him, at the time of writing. Mr.Straiton's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr.Straiton is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr.Straiton recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified market analyst with over 30 years experience, Mr.Straiton is not a Registered Securities Advisor. Therefore Mr.Straiton's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction.
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