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TFC Commodity Trading Forum

Re: No Breakout on the 10 yr Treasure Yield/S.Bear *PIC*

That doesn't mean I wouldn't buy the double bear Bond ETF:TBT or even the single bear bond ETF:TBF if $TNX pulled backed back to its 7 month uptrendline at about 1.85 or the Dec/Feb low of 1.80 as well. The overall pattern of the $TNX 10yr chart is a base building one over the last 7 months. So buying at a support level should be good for a trade with a trailing stop regardless. Besides this base building pattern with higher lows over the last 7 months the 20ema did cross and held above the 50ema for the 1st time in 12 months (so far). Odds would favor a buy at support with a close stop below entry. 1.80 to 1.85 on the $TNX would be worth a trade I suspect if it actually gets there. Good start on that with today's big gap down..........