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 TECHNICALS
US Treasury Bond IEF ETF: Rising Wedge in Jeopardy? 
​May 19 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.

​​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.

​
We are within a huge Rising Wedge Pattern on the IEF ETF that 
​started since September 2014 as shown by the chart below.
(See chart below - Thick Blue and Red Lines)

​​​​​​But few realize that already, that after we failed to breakout, we are back testing the Major Support Trendline of that Rising Wedge that started back since January 2015: ​FOMC tiny correction wave or a more serious shift for the IEF ETF?  (See chart Below - Red Trendline - Ellipse)
​And it was done lately within a rising Volume on that ETF. (See chart below - Bottom Blue Area)
​
​We will have to monitor carefully in the next few trading sessions...








US Treasury Bond IEF ETF: Rising Wedge in Jeopardy?      $BONDS $IEF  #Trading #bonds  #investing #ief



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



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