Always consider hidden risks
US Treasury Bond IEF ETF:  At Support Zone?
​July 13 2016  ( From Tradingview, Bloomberg  )
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The Situation

​Since the beginning of the financial crisis, the Federal Reserve ​has ​
been obliged ​to ​inject tons of liquidity into the system. ​Financial ​
assets like the US Treasury Bond ​had a very good ​performance
indeed. Poilitical uncertainties and weak economy abroad just kept
the momentum going...​

​​Looking especially at a Weekly chart on the IEF ETF
​​( iShares 7-10 Year Treasury Bond Fund ETF ), we can observe that
we​ are pushing ​valuation ​​again to the limit as history suggest when
we have turmoil like the Brexit vote.​

We broke on June 27 a huge Daily  Rising Wedge Pattern on the ​IEF
​ETF that ​started since January 2016 as shown by the chart below.

(See chart below - Thick Blue and Grey Lines)

​​​​​​But few realize that already, we are back testing the Major Support ​Trendline ​of ​that Rising Wedge that started back since January 2016. ​(See chart Below - Top BlueTrendline - Ellipse)

​And it was done lately within a rising Volume on that ETF. (See chart below - Bottom Blue Area)

Do not be mislead here; the move from June 27 til now was for me a Capitulation wave. We may go into a consolidation wave before a bearish move that need to be confirm when and only when we will break the Grey Support Trendline from that rising wedge. The problem is that we have 2 full figure from there...

​​​We will have to monitor carefully in the next few days...

US Treasury Bond IEF ETF: At Support Zone? $BONDS $IEF  #Trading #bonds  #investing #ief

​DAILY Chart
 IEF ETF (​ iShares 7-10 Year Treasury Bond )
Volume ( Bottom Blue Area )​