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BOND BULLS ARE HERE
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TOPIC: BOND BULLS ARE HERE
#825
BOND BULLS ARE HERE 9 Months, 2 Weeks ago Karma: 4
The ten year benchmark g sec paper is depicting end of wave 5 down in most probably end of a complex correction. The divergence of RSI is showing sign of bottoming out and phasing out of selling pressure. The RSI is also showing inverted H&S in the making suggesting a near term buying to emerging around these levels. The paper can jump to the region of 100.25 -100.40 which stands for 61.8% -78.6% retracement respectively of the fall. The more important thing to watch out for is to see how wave counts emerge from here. All in all, go long on ten year g sec and ride the upmove.
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