The yield curve has officially uninverted by crossing above 0%. This uninversion usually occurs right before a recession, and we also see other recession signals such as the Sahm’s rule that was activated a few weeks ago. Right now the market is not showing any signs of a recession, but if the Sept. 6 jobs report comes in worse than expected we are likely to see a sharp selloff.
Follow me on social media: https://linktr.ee/realchartchamp
TMF has lost support below the light blue trendline, and is starting to form a bullish rebound. There was a bullish gap higher today and TMF is trading near the light blue trendline again with this support line now acting as resistance around $48.30. I think this rebound is caused by US bonds rebounding after […]
Read MoreDXY continues to show bullish strength after the US election. The US dollar is likely to be stronger under a Trump administration due to Trump’s policies. There is resistance at $105.60 and a light blue resistance line to monitor. It looks like DXY is forming a bullish breakout, but the price action can be a […]
Read MoreTMF has a very similar setup to TLT, but is 3x leveraged so the gains and losses will be higher. TMF has lost support at the light blue trendline around $47.55, and bonds have sold off after Trump’s election victory. The current price action is considered “risk-on,” as traders are more interested in risky assets […]
Read More
TMF has lost support below the light blue trendline, and is starting to form a bullish rebound. There was a bullish gap higher today and TMF is trading near the light blue trendline again with this support line now acting as resistance around $48.30. I think this rebound is caused by US bonds rebounding after […]
Read MoreDXY continues to show bullish strength after the US election. The US dollar is likely to be stronger under a Trump administration due to Trump’s policies. There is resistance at $105.60 and a light blue resistance line to monitor. It looks like DXY is forming a bullish breakout, but the price action can be a […]
Read MoreTMF has a very similar setup to TLT, but is 3x leveraged so the gains and losses will be higher. TMF has lost support at the light blue trendline around $47.55, and bonds have sold off after Trump’s election victory. The current price action is considered “risk-on,” as traders are more interested in risky assets […]
Read More