Always consider hidden risks
US Treasury Bond IEF ETF: Near Weekly Breakout Again?
June 06 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
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
IEF ETF ( iShares 7-10 Year Treasury Bond )
Volume ( Bottom Blue Area )