The yield moved through pinched Bollinger bands, and now the bands are starting to widen to signal a dramatic move in yields. The MACD is signalling a rally in yields/bond sell off. The stochastic chart is nonconforming. It says the bond is very oversold and should rally. Wave count is a mess, but I think there is a global tug of war going on.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.