United States Bonds fail to break Bear Market?
Trading US Bonds in Bear trend
This is an chart of US bonds on FreeStockChart TYX–X 30y. Last months, market retest upper trend line, and fail to close above….like it did since years.
For next week, a new drop in price should start, by starting to close the gap at 35.00 , and then move to 33.00price area. this area will act as a support for bouncing and then look for new position to take.
Bonds on daily 30y
On this chart, we re-testing “red line” bottom, 4time already. and 3 time in a very short period. the only difference this time, it’s volume. They was quite big for last movement up(Thursday)
For next week, look closely if market will succeed to close under this red trend line. if it does, there’s few gaps to fill on the way.