US 10YR
Added 2024-12-31 18:04:09 +0000 UTCUp +1% today and when this happens the market reacts poorly, we did see a small pull back yesterday, so market bulls will want a lower high next and rejecting, which would then allow the 10YR to pull back further and retest the wedge breakout level again....with the hope that support does not hold.
Right now, this is not looking likely and unfortunately this is in a bullish set up....and also has a golden cross, a break out to the upside of a triangle is not a bearish signal.
The best case scenario is that this is a fake breakout.
Comments
Cap I’d be interested to hear more of your thoughts on this. Is the chart on the 10Year lining up with your timeline for a broader market decline? Based on how this is moving, when do you think the SPY could start to bottom?
Massey
2024-12-31 18:39:37 +0000 UTC
