Long term: higher
On a monthly basis, the status for our 7 / 23 months moving averages is a bullish A type crossover. Stochastic and MCD are oversold. With Bollinger bands, the pattern in progress is a bullish parallel one.
Idea: out below PW (98.595)
R = UW (98.918), +++; S= PW (98.595)
Medium term: bullish parallel pattern
On a weekly basis, a bullish parallel pattern is in progress.
Idea: use bullish parallel rules but out below PW (98.595)
R = UW (98.918); S = PW (98.595)
Short term: rise / bullish
On a daily basis, Bollinger bands spread is minimal. The status for our 7 / 23 days moving averages and stochastic is a bullish non-crossover. The status for our stochastic and MACD is a bullish non-crossover. UW (98.918) is our first resistance.
Idea: towards UW or higher.
R = UW (98.918); S = MD (98.676)
Long term: toppish
On a quarterly basis, a bullish T2 failed with LQ which is flat. But our 7 / 23 quarters moving averages, stochastic and MACD are up. Within 2 or 3 periods, a bearish divergence will be the status for stochastic and MACD. MQ (117.47) could be a target.
On a monthly basis, like a bullish bubble pattern failed (quarterly time frame was not bullish when a monthly pseudo- bullish “T2” occurred and LM was flat in T4). A decline will develop when our stochastic will be overbought (month’s end).
Idea: not bearish as long as our monthly stochastic is not overbought.
Medium term: flat?
On a weekly basis (continuous contract), Bollinger bands spread is minimal. A bearish B type crossover is in progress with our 7 / 23 moving averages. A bearish non-crossover is the status for our stochastic and MACD. Below LW (121.36), decline could continue without a bearish ATDMF pattern.
Idea: new bearish non-crossover for our stochastic and MACD
R = MW (123.63); S = LW (121.36), –
Short term: lower
On a daily basis (June contract), the spread UD / LD is not wide. A bearish non-crossover is the status for our 7 / 23 days moving averages. Our stochastic and MACD are oversold. UD (123.09) is our main resistance and LW (121.09) is our first support.
Idea: decline as long as our stochastic is not oversold
R = UD (123.09); S = LW (121.09)
Conclusion: less bearish than 10 Y T-Note (monthly / quarterly basis)