Bond Markets Summary for Jul 11, 2019
Bond Markets Technical Analysis Market Overview Report for Jul 11, 2019 | by Techniquant Editorial Team
With five out of the five Bond Markets closing lower today, the ones that stand out on the negative side are TBOND losing -0.9% and BUND closing -0.56% lower. None of the markets managed to end the day in the green.
One of today's most interesting market conditions in the Bond Markets showed up in TNOTE5Y: Among the seven market conditions that our pattern recognition engine identified today, the statistics for the Price Action based market condition "Close near low of period" stand out. Although it is usually interpreted as bearish, it has actually shown to be bullish for 5Y T-Note. Out of 613 times, TNOTE5Y closed higher 55.14% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the long side has been after 10 trading days, showing a win rate of 57.10% with an average market move of 0.11%. Read more