Another -0.8% drop today and this further guides us into believing the market can still melt up and complete Wave 5.
We want the US 10 YR NOT to hold the Wave C level above the wedge line and we want the price to drop down to the 200 Day MA and lose support....this will help the market
Finding support on the outside of the wedge and this can reverse and move higher and the market will struggle to move higher...so this needs to be watched closely this week.
Julien
2025-02-24 22:49:44 +0000 UTC