Is the bond rally truly over?

Market Pulse for June 10

Technicals

On the daily chart below you can see ADX dropped a bit this week to 36.4 and DI Differential increased with DI- over DI+, reflecting a strong trend down. MACD has dropped divergence from below the signal line and last week Stochastics attempted a correction out of oversold territory but dropped back into oversold territory on Friday’s price action.

Click to enlarge.

 

Have a prosperous trading week.

To read my market views daily you can follow me on Twitter at http://twitter.com/TrendsinFutures

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