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Portland, Oregon, USA
Posts: 5 since Jul 2017
Thanks Given: 2
Thanks Received: 0
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I think Bonds will fall sharply.
Monthly chart shows end-of-month for the last 6 months has closed BELOW the Exponential Moving Average and we have already commenced a drop from 172ish to 151ish currently, with a slight break in between...and I believe the next strong move will be lower.
Based on recent CFTC position reports, I see that the Large Speculators are coming off record long positions (Longest since 2008) and they will need to cover their longs, which I think will portend a drop in Treasuries overall from here for a spell.
Perhaps 145? 140? If bears are really lucky, then even 130...or lower. But I think we will at least see 5-10 points down from here overall these next weeks/months (2nd half of year), which isn't half bad.
(Once I have posted 5 times on here, I can post links and images and charts, etc.)
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