Big warning sign to the medium term bears

al67

TLT formed clearly a down side channel, lower low on last Friday, compared with late April which broke out from the bottom and formed an upside channel. so stock market medium term bull is still on the half way. PLUS, from long term chart, TLT 's head and should top is forming, that points to a longer term bull for SPX.  

hope that can help you clarify the trend in the equity market!!!!!

colderdown

What does that have anything to do with equity market? TLT was around 92 while SPX was 1180 early this yr

al67

回复 1# al67


    Sorry, From longer term chart, TLT tends to form a double top, first support 95, strong support 87-88(200 week average), materially break 85, long term bear market for bonds will be formed,but still early to say that today. we will see.  anyway, TLT will be a big help to predict the equity market.

al67

回复 2# colderdown

the trend is the most important thing , not the related number

bigbadwolf

回复 4# al67


    Big boys are preparing for the buying spree by the FED. They suppress the bond price to collect bomd at lower price.

al67

回复 5# bigbadwolf


    You don't have to do the research on the FA of the bond market, just look at TLT, TA works very well from the past. NOW as weekly lower low appeared, down side channel formed from the top after 4 month rally, the evidence for medium bear is very clear.