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 TECHNICALS
US Treasury Bond IEF ETF: Near Weekly Breakout Again? 
​June 06 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 June 2007 as shown by the chart below.
(See chart below - Thick Grey Lines)

​​​​But few realize that already, we are testing the Major Resistance
​Trendline of that Rising Wedge that started back since July 2012: ​
​Triple Top or Break Out?
​(See chart Below - Top Grey Trendline - Ellipses)
And it was done lately within a falling Volume on that ETF. (See chart below - Bottom Blue Area)

We will have to monitor carefully in the next few weeks...


Read Also:​​

Bond Rally Squeezes Hedge Funds That Were Most Short Since 2007


US Treasury Bond IEF ETF: Near Weekly Breakout Again?      $BONDS $IEF  #Trading #bonds  #investing #ief

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

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