Always consider hidden risks
US Treasury Bond IEF ETF: Back at Weekly Support?
June 22 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.
We broke on the week of June 6 2016 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 back testing the Major Support Trendline of
that Rising Wedge that started back since July 2012 (previous Breakout Trendline):
(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...
US Treasury Bond IEF ETF: Back at Weekly Support? $BONDS $IEF #Trading #bonds #investing #ief
IEF ETF ( iShares 7-10 Year Treasury Bond )
Volume ( Bottom Blue Area )