Bond Markets Summary for Nov 20, 2020
Bond Markets Technical Analysis Market Overview Report for Nov 20, 2020 | by Techniquant Editorial Team
With five out of the five Bond Markets closing higher today, the ones that stand out on the positive side are BUND gaining 0.23% and TBOND closing 0.14% higher. None of the markets ended the day in the red.
One of today's most interesting market conditions in the Bond Markets showed up in TNOTE2Y: Among the three market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "Bullish Break through SMA 20" stand out. While it is usually interpreted as bullish, it has actually shown to be bearish for 2Y T-Note. Out of 173 times, TNOTE2Y closed lower 53.76% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the short side has been after 10 trading days, showing a win rate of 54.34% with an average market move of -0.00%. Read more