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Technical Analysis

US 30Y Bond Over Extended

by Antonis Benis, on Jun 18, 2019 4:46:18 PM


There is a very strong technical setup for an intermediate decline in the Bond market, coupled with textbook Gann angles and percentages resistance.

Cycles, intermarket analysis, C.O.T. report (small speculators record net long position), rare daily and weekly exhaustion signals; ALL support a change in trend around now. At the time of writing this, 30Y Bond is trying to breakout from resistance; if successful, then the next and more important Gann resistance level is at 157,82/158,29 and the -4x32 w Gann angle from the ATH, in the next couple of weeks; ideally the first week of July (see the 1st chart). Weekly TD sequential sell setup at 7, will complete the sell setup in 2 weeks from now.

30y Bond


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It is “make or  break” for the Crude oil market. It found support at the most important 3x2 m Gann angle after registering a daily TD sequential buy setup (see the 2nd chart). If it stays true to its 10 year cycle, last week’s low should hold and Oil should start a nice rally into, at least, early 2020. Alternatively, if it breaks down through the 3x2 m Gann angle, the major 1x1 and 1x2 m Gann angles should provide support later this summer. In any case, the bulk of the downside move is already in the market.

Crude Oil-2

S&P 500

Seasonality favors a short term decline starting tomorrow. Cycles suggest a top this week, followed by choppy action into late July and a major low in late August. From there, expect the bull market to resume into, at least, early 2020 (see the 3rd chart).

TS -S&P 500

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Topic:Trading SignalsActive TradingCrude OilS&P 500Bonds
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