Silicon Investor (SI) -- The First Internet Community

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 : TRIPLE TRADES -- Ignore unavailable to you. Want to Upgrade?

To: Bull RidaH who wrote (2759)	10/19/2022 5:46:34 AM
From: Bull RidaH	Read Replies (1) \| Respond to of 4446

30 Year UST Yield - Took over 2 years to arrive here from the Summer 2020 lows in yield, but as of yesterday’s high, the 30 Year Yield finally reached the completion of a full pitchfork move, as seen below. This is USUALLY a great spot to unhook from the trade in the direction of completion (short bond price / long yield), and even bet on a reversal. However, 2 closes above the upper pitch fork line would yield a 48 hour trade set-up, where you go long the 3rd day’s open, and close and reverse on the 5th day’s open. Here’s the chart with today’s bar clearly above that line. Let’s see how this develops!