Comments on: Post-FOMC Intraday Market Analysis 7-31-19 https://rightsideofthechart.com/post-fomc-intraday-market-analysis-7-31-19/ Stock Trading, Investing & Market Analysis Sun, 29 Sep 2019 16:50:49 +0000 hourly 1 https://wordpress.org/?v=7.0.4 By: Stargazer https://rightsideofthechart.com/post-fomc-intraday-market-analysis-7-31-19/#comment-6923 Thu, 01 Aug 2019 20:03:11 +0000 https://rightsideofthechart.com/?p=192301#comment-6923 ok thank you

]]> By: rsotc https://rightsideofthechart.com/post-fomc-intraday-market-analysis-7-31-19/#comment-6906 Thu, 01 Aug 2019 13:20:28 +0000 https://rightsideofthechart.com/?p=192301#comment-6906 There isn’t an active trade on TLT but I do plan to post updated analysis on TLT & maybe some of the other bond classes soon. TLT is a potential trade setup under consideration for an official trade but so far since yesterday’s FOMC announcement, that potential Head & Shoulders Topping pattern that I’ve been highlighting recently has not continued to develop, at least ideally. I was looking to see if TLT would start to move impulsively lower in the wake of yesterday’s FOMC announcement, as that would have helped to finalize what was only a potential Right Shoulder for the pattern. Instead, we’ve seen the opposite so far with long-term Treasuries moving higher, including a sharp rally in the pre-market session so far today.

That foils the potential H&S pattern, at least for now. I will continue to monitor TLT although we don’t have any high-probability sell signal yet, just a backtest of the weekly trendline (resistance). Should TLT reverse & impulsively break down below that primary uptrend line soon, we might. I still have a short position of /ZB which is once again back to about where it started but again, that is not an official trade nor are futures ever added as official trades. I’m sitting tight on that position as of now but will make a decision as whether to hold or fold after the post-FOMC dust settles over the next day or so.

]]> By: Stargazer https://rightsideofthechart.com/post-fomc-intraday-market-analysis-7-31-19/#comment-6904 Wed, 31 Jul 2019 19:35:04 +0000 https://rightsideofthechart.com/?p=192301#comment-6904 are you now out of the short TLT trade?..or still holding on.. I haven’t seen a recent update ..and with the markets possible position going forward down..thanx!

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