The Channel of Truth

badumdum
2022-06-28

The bond market never lies. For the last 37 years, it has respected this "channel of truth", even in times of great crisis, including the GFC in 2008. This time round, it has not only sliced above the channel, it has broken through the 2018 resistance (red line) momentarily before dropping back, and is now on the way to test it again. The zoomed in chart provides a greater understanding of what bond traders really think. The panic and selloff for the S&P500 took place in Jan 2022, just as it sliced out of the channel. 


The next SPX drop is probably not very far away.

šŸ’° Stocks to watch today?(05 Nov)
1. What news/movements are worth noting in the market today? Any stocks to watch? 2. What trading opportunities are there? Do you have any plans? šŸŽ Make a post here, everyone stands a chance to win Tiger coins!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment