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Technical Overview
EBL
Euro Bund
NEUTRAL
4.5/10 · Within this market’s typical range
Bullish and bearish signals are roughly balanced; the tape is in its typical range.
Flipped from BEAR to NEUTRAL on 2026-11-05 — 2 trading days in current read.
Latest bar: 2026-11-06
The read at three time scales
The same tape, read on three different clocks. Daily is the fast-moving tactical read, Weekly is the slower structural read, and Confluence only speaks when both the daily and weekly reads agree with each other.
Daily
Fast-moving tactical read
NEUTRAL
5.9/10
46 of 82 signals active
Weekly
Slower structural read
BEAR
1.9/10
39 of 51 signals active
Confluence
Daily and weekly agree
NEUTRAL
5.5/10
35 of 72 signals active
What each kind of signal is saying
Only showing categories with signals active right now. When trend signals and momentum signals disagree, that tension is the story.
Trend
Fractal dimension
BULL · 2/2 active
Mean reversion
Mean reversion
NEUTRAL · 1/3 active
Breakout
Breakout & range
LEAN BULL · 2/2 active
Levels
NEUTRAL · 4/4 active
Volatility
Return-distribution shape
BEAR · 1/2 active
Volatility
NEUTRAL · 5/17 active
Cycle
Cycle analysis
LEAN BULL · 5/5 active
Ehlers DSP cycles
NEUTRAL · 2/6 active
Regime
Regime detection
BEAR · 10/11 active
Statistical tests
BEAR · 2/8 active
Structure
Breadth
BEAR · 4/6 active
Microstructure
BEAR · 7/13 active
Volume
NEUTRAL · 4/5 active
Patterns
Composite indicators
LEAN BULL · 7/13 active
Strongest signals right now
The ten most influential technical signals currently active. Each has been validated against years of history — the h60 return column is the average 60-day move that historically followed the signal, and hit is how often it was in the right direction.
| Dir | Scale | Type | Signal | Edge | Recent fires | h60 return | Hit rate | Sample |
|---|---|---|---|---|---|---|---|---|
| BULL | Weekly | Volume | Vol Nvi Pvi | Direct | 4 | +8.41% | 72% | 1813 |
| BULL | Weekly | Breakout & range | Donchian channel (55) | Direct | 4 | +8.31% | 72% | 1797 |
| BULL | Weekly | Volatility | Bollinger band width (20) | Direct | 4 | +7.08% | 71% | 1477 |
| BEAR | Weekly | Regime detection | Vol regime (2-state HMM) | Inverse | 4 | +6.32% | 71% | 1567 |
| BEAR | Weekly | Regime detection | MS-GARCH regime | Inverse | 4 | +4.55% | 69% | 1305 |
| BEAR | Weekly | Regime detection | HMM transition probability | Inverse | 4 | +4.55% | 69% | 1305 |
| BEAR | Weekly | Volatility | Bollinger band width (20) | Inverse | 4 | +7.08% | 71% | 1477 |
| BEAR | Weekly | Regime detection | Gaussian-mixture regime | Inverse | 4 | +6.56% | 70% | 1254 |
| BEAR | Weekly | Regime detection | HMM Fwd 2State | Inverse | 4 | +4.56% | 71% | 1060 |
How the read has shifted (last 60 trading days)
Each bar is one trading day. Bars above the zero line are bullish; bars below are bearish. Height shows how strong the read was.
How the verdict is built
The verdict aggregates every classical technical signal we track on this market — momentum, trend, volatility, cycle, breadth, and so on — into a single read. Each signal has been validated out-of-sample on this market’s history (currently 205 signals pass the bar for EBL). Four factors determine how much each signal contributes.
- Edge strength. How large and reliable is the historical edge? A signal with a 70% hit rate and a 6% average 60-day follow-through contributes more than one with a 54% hit rate and a 2% follow-through.
- Recency. A signal that fired this week counts more than one that fired three months ago. Fast daily signals fade out over about six weeks; slower weekly signals stay relevant for about six months.
- Confirmation. After a signal fires, we watch the market. If price moves the way the signal predicted (vol-adjusted), the signal’s contribution is amplified. If the market moves the other way, the contribution fades toward zero.
- Market-adaptive ranking. The final reading is ranked against this market’s own history over the past ~6 years. A bearish bias that would barely register on crude oil could be an extreme reading on the S&P — percentile ranking handles this automatically, so verdicts are comparable across markets.
Confidence tier
How many independent signals are currently driving the verdict: HIGH (15+ active) · MODERATE (5–14) · LOW (fewer than 5). A high-confidence read is backed by many independent signals pointing the same way; a low-confidence read could be a handful of signals amplified by a lucky move.
What this is not
- Not a trade recommendation. No transaction cost, slippage, or position-sizing model is applied here.
- Not a backtest of the overall verdict. The individual signals are validated out-of-sample, but the way they’re combined into one number is a consensus device, not itself a trading system.
- Not treating correlated signals as independent. Several momentum indicators pointing the same way count as separate votes here.
Refreshed nightly. Last update: 2026-11-07T22:56:00+00:00.