The 10YR is not helping the US market either right now.
We can see from the chart that the price is clearly holding above the 200 Day MA, the wedge breakout level and has made a higher low and made a higher high now
If this was stock we like, we'd be buying it now!
If the 10 YR continues to move higher, this will put pressure on the market to get and stay above its 200 Day MA I believe.
The 50 Day MA is slightly above at 4.429%, so above this MA and the 200 Day and the trend is confirmed to the upside, which is not a good sign for the $SPY.
Martechnic
2025-03-27 08:25:01 +0000 UTCMk Yee
2025-03-27 03:05:36 +0000 UTCWilly G
2025-03-26 21:55:15 +0000 UTC