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Linda Raschke, founder at LBR Asset Management, observes that Bunds have moved higher, highlighting a significant response following the first upward flip in the rate of change (ROC) within a trading range.
Raschke points out this technical shift in Bunds as notable for market watchers.
Raschke has previously highlighted similar technical setups in other markets. She discussed SMH’s persistent uptrend using her 5 SMA system in recent analysis. In a separate review, she noted a move in BTC following a 5 SMA buy signal during the Asia open session, as detailed here.