ajtj's Post-Lobotomy Market Charts and Thoughts Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Sun Tzu who wrote (65059)	7/11/2022 10:29:16 PM
From: ajtj99	Read Replies (2) of 97571

Speaking of patterns, the TNX daily has a possible H&S top. It needs 11-more days to finish the right shoulder, and that takes us right up to the 1st day of the Fed July meeting. The high for the right shoulder ideally would be in the 31.50 to 32 range, but anything below the head is OK. The 3-white soldier pattern targets around 32.75, so there's that as well. The implied target for the H&S top would be around 19.6 on the TNX, which would mean 1.96% 10-year T-bills. This would imply a recession and Fed cuts down the road. The negative divergent RSI-14 on the weekly also adds support to this read on the TNX. schrts.co

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next