Always consider hidden risks
US Treasury Bond IEF ETF:  At Resistance Zone?
​June 27 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 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

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