|US TBonds Review|
US Treasury bond’s overall trend, revealed by trends of price, leverage, and time, are defined in The Matrix for subscribers.
I recommend subscribers track and study the ProIndex trends on a regular basis. ProIndex and PubIndex trends are found in the ProCharts column of the Trends Tab (Column BM).
The ProIndex, the study of professional buying and selling, leads or confirms price. Experience quickly teaches that while the majority is often bullish, very few assets show bullish trends at any given time. Nearly all rallies and declines are lead/confirmed by the ProIndex. It's dangerous to chase direction when it's not confirmed by the ProIndex.
US Treasury Bonds is one of the few assets in the Matrix showing a bullish trend (see chart below). The ProIndex for bond reveals the following. Bond low after the 2020 shutdown was not confirmed by the ProIndex. The ProIndex made a higher low. The ProIndex is also making new relative highs ahead of price. Bottom line, pros are bullish towards bonds.
Don't ask me why, we'll find out later. That's how this game works.
US Treasury Bond ProIndex
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