#Schatz yield retests broken rendline (long reco means short 2y)
Idiotism reloaded!? How long does this market believe in negative rates? Tick-tock... maybe sell this one in May, and not the stocks? Sooner or later ECB will change policy and normalize front end rates back to at least zero yield.
Technicals: - Yield is back to minus 0,72-0,75 %. Retesting prev. broken downtrend line, 100wma and SenkouB level - Ichimoku setup still points up -> in this case means higher yields, so bearish for Schatz - Heikin-Ashi swing bearish. Watch price action as haOscillator has reached its lower bound. - EWO pulled back, but still bullish - MACD: bullish consolidation
I stick with the idea that after trendbreak, the inverse H&S pattern will lead to a -0,25 % by autumn. For this reason I use any dips like this to add to shorts.
If anything, the German bond curve has to be sold (not necessarely the stock market).
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