Thought this might be a good indicator as to when the top is in for the markets .this looks like it hit made a bottom .360 on the 2nd of March.
Now assuming stocks are correlated to bonds my train of thought is that the local bottom is in for bonds and we reverse from here on but not too much and will come back down just cause i am not to keen on what happens to the US post elections.
Looking for a move to at least 1.479 before we come back down and by then the equities should have corrected and resumed upward momentum .
technically looks like Bonds are going to have a nice few months which doesn't make sense to me but you never know the games the people play and maybe China pumps the bonds just to unload their own ??
Lets see if we reverse or are we painting a bear flag and going 6 feet under...
Now assuming stocks are correlated to bonds my train of thought is that the local bottom is in for bonds and we reverse from here on but not too much and will come back down just cause i am not to keen on what happens to the US post elections.
Looking for a move to at least 1.479 before we come back down and by then the equities should have corrected and resumed upward momentum .
technically looks like Bonds are going to have a nice few months which doesn't make sense to me but you never know the games the people play and maybe China pumps the bonds just to unload their own ??
Lets see if we reverse or are we painting a bear flag and going 6 feet under...