Always consider hidden risks
US Treasury Bond IEF ETF: Back at  Weekly Support?
​June 22 2016  ( From Tradingview, Bloomberg  )
If you would like to receive our free daily markets updates, please Sign-Up

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 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 )​