Always consider hidden risks
US Treasury Bond IEF ETF: Triple Top?
April 12 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:
Triple Top or Break Out? ( See chart Below - Top Grey Trendline - Ellipses )And it was done with a rising Volume on that ETF. ( See chart below - Bottom Blue Area )We will have to monitor carefully in the next few weeks...Read Also:
Bond Traders Show Skepticism of Goldman's Forecast for Fed Hikes
US Treasury Bond IEF ETF: Triple Top? $BONDS $IEF #Trading #bonds #investing #ief
IEF ETF ( iShares 7-10 Year Treasury Bond )
Volume ( Bottom Blue Area )