SG10Y Govt Bond and SPY relationship Part VI - Bear for Equities
As mentioned in previous heads up over the last weeks, it had finally happened (as expected) that the SG10Y GB yield rates break out of trend line resistance. And from previous occurrences, this is a very reliable inverse leading indicator of the SPY (and other related equity indexes); meaning that the SPY should be tanking downwards within the next week or so.
Enough said,
pattern recognition checked,
trend correlation checked,
projection based on hypothesis checked...
now the rubber hits the road.
Not expecting any deviation from the correlation, so is very likely that equities should be tipping over in a bearish slide.
HEADS UP!
Enough said,
pattern recognition checked,
trend correlation checked,
projection based on hypothesis checked...
now the rubber hits the road.
Not expecting any deviation from the correlation, so is very likely that equities should be tipping over in a bearish slide.
HEADS UP!
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