Always consider hidden risks
US Treasury Bond IEF ETF: At Resistance Zone?
June 27 2016 ( From Tradingview, Bloomberg )
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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 when we have
turmoil like the Brexit vote.
We are still within a huge Daily Rising Wedge Pattern on the
IEF ETF that started since January 2015 as shown by the chart below.
(See chart below - Thick Blus and Grey Lines)
But few realize that already, we are back testing the Major Resistance Trendline of
that Rising Wedge that started back since January 2015.
(See chart Below - Top Grey Trendline - Ellipses)
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 days...
US Treasury Bond IEF ETF: At Resistance Zone? $BONDS $IEF #Trading #bonds #investing #ief
IEF ETF ( iShares 7-10 Year Treasury Bond )
Volume ( Bottom Blue Area )