Bond Markets Summary for Jan 22, 2020
Bond Markets Technical Analysis Market Overview Report for Jan 22, 2020 | by Techniquant Editorial Team
With three out of the five Bond Markets closing higher today, the ones that stand out on the positive side are TBOND gaining 0.18% and BUND closing 0.17% higher. On the flipside the worst performer has been TNOTE10Y closing -0.01% lower.
One of today's most interesting market conditions in the Bond Markets showed up in TNOTE10Y: Among the four market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "High close to previous High" stand out. Though it is usually interpreted as bearish, it has actually shown to be bullish for 10Y T-Note. Out of 644 times, TNOTE10Y closed higher 53.42% 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 58.23% with an average market move of 0.18%. Read more