What Does The ‘Market’ Say?

According to this link, the downside rout in U.S. Treasuries is coming to an end.

Real or fake? You make the call.

Let’s go to the bond market and see what it says.

Long Bonds, TLT, Daily

When looking at the chart, we see a potential upside breakout (blip) from the wedge.

From an experience standpoint, extremely narrow wedge patterns posting near or at the apex before breakout, rarely if ever, produce a lasting move (not advice, not a recommendation).

We could get more of the ‘blip’ higher. However, a ‘blip’ is not a directional move. 🙂

Jawboning The Market

Anyone dictating what the market will or won’t do or what it should do (in the opinion of your website host) is misguided, or inexperienced.

The market itself decides what it’s going to do.

As Wyckoff said a hundred years ago (1902, to be exact), the market is moving based on its ‘own forces’ that are not connected to valuations.

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279