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Technical Analysis

T-Bond, US Equities, Gold

by Antonis Benis, on Jul 10, 2019 3:22:13 PM

30Y Treasury Bond

T-Bonds have finally topped last Friday, as expected; see also my last week’s report. Prices did not reach the Gann resistance levels exactly, the “breakout” lasted a couple of days, served only to close the traders stop loss orders. However, the 30Y Treasury yield Index support at 2,45/2,46 was hit exactly (see charts 1,2).  Expect an initial drop to the 20 week EMA over the next couple of weeks.

30Y Bond trading-boerse.ch

30Y Treasury yield trading.boerse.ch


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S&P 500

A significant high may be already in place; cycles suggest a high this week, followed by weakness into late August. However, cycles in a market that tends to go up most of the time, work better with peaking up market bottoms, not tops. If this market continues higher, expect a peak next week at the latest and a major bottom/big buying opportunity around August 20th. Investors are advised to take some money off the table, there should be better/lower prices in the weeks ahead. See charts 3,4.

TS -S&P 500 trading-boerse.ch

S&P 500 futures trading-boerse.ch


GOLD

It has found major resistance at the most important -5x1 m Gann angle (see the 5th chart). Expect a correction into the lower 20 d Bollinger Band, into August.

GOLD trading-boerse.ch


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Topic:Trading SignalsActive TradingInvestment StrategyBondsGoldAnalysis and StrategyFundamental AnalysisUS Equities
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