US Treasury Notes (ZN) - Classic Bull Pattern

[HarryHindsight]

Hi,

Just thought I'd share this, since it jumped out at me from the page. It looks very bullish, all fundamentals aside...

 

[recession2016]

This is just a 50% retracement with much more room to the downside. Don't be fooled into thinking that it's bullish.

 

[HarryHindsight]

Interesting take.
But it doesn't quite add-up, for me.
Currently ZN has retraced by nearly 60% from the peak @ 128'275 - a lot more than 50%.
If it was going to retrace and then dive lower, I don't think it should have come this high.

This is bullish to me.

But who the heck knows, time will reveal all.

 

[recession2016]

Interesting take.
But it doesn't quite add-up, for me.
Currently ZN has retraced by nearly 60% from the peak @ 128'275 - a lot more than 50%.
If it was going to retrace and then dive lower, I don't think it should have come this high.

This is bullish to me.

But who the heck knows, time will reveal all.

Yes, nothing is certain. Bonds have acted very strangely since Friday's numbers.

 

[Money Trust]

Looks like a down move would be the more probable move.