Kumowizard

Bund/BTP trend intact, but momentum drops at key resistance

6
I closed all long Bund/short BTP spreads earlier last week as weekly chart was reaching key resistance at +200 bps. Weekly haDelta signals possible start of consolidation.

Given the daily Heikin-Ashi setup and MACD, it is possible that we'll see more pull back towards 170 bps+ support. At/below 180 bps spread we have to start looking for buy signal again, and get ready to reload the position optimally closer to 170 bps, IF technicals confirm

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