10 year note yield channel break and its effect on indices
https://www.tradingview.com/chart/kNybgM0i/
Using a parallel channel tool, I drew a precise line using gaps as starting points and end points, middle channel also using gaps as reference.
I always compare my charts to DXY, USDWTI, DGS10-DTB3 (yield curve) and market indices, particularly SPX.
Comparing the 10 year note yield to SPX painted a clear picture. Still, I've yet to test this. If not mistaken, we will see a correction starting this week. Even what is today's bull market since 2009 will be topping, if correct of course.
Also to note are double tops and the subsequent drop and what happens to SPX. I did no mark this, but you can try and find these double tops.
If you look even closer, other details an be observed, particularly during flash crashes such as in May 6th 2010 and June 23rd 2016 (Brexit).
There are other flash crash dates that can be found, but I'll leave that to you.
Using a parallel channel tool, I drew a precise line using gaps as starting points and end points, middle channel also using gaps as reference.
I always compare my charts to DXY, USDWTI, DGS10-DTB3 (yield curve) and market indices, particularly SPX.
Comparing the 10 year note yield to SPX painted a clear picture. Still, I've yet to test this. If not mistaken, we will see a correction starting this week. Even what is today's bull market since 2009 will be topping, if correct of course.
Also to note are double tops and the subsequent drop and what happens to SPX. I did no mark this, but you can try and find these double tops.
If you look even closer, other details an be observed, particularly during flash crashes such as in May 6th 2010 and June 23rd 2016 (Brexit).
There are other flash crash dates that can be found, but I'll leave that to you.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.