Yes, the 30 yr. Treas. is getting overbought on its 40 wk m/a and on
12 wk RSI. The sentiment indicators I follow have moved well into
"too many bulls" territory as well. So, the bond is setting up as a
short on technical grounds, but given the strong price momentum,
I would like to see sentiment get more extreme. $USB chart.
Parenthetically, it is rather ironic to see this bond moving to a major
overbought when so many market pundits and observers had written
it off as done for earlier in the year.
1 comment:
Muzinich Thanks for taking the time to discuss this, I feel strongly about it and love learning more on this topic. If possible, as you gain expertise, would you mind updating your blog with extra information? It is extremely helpful for me.
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