Reclaiming the line increases potential for a vast rally, as every one is afraid of the worst and sees a head and shoulders breakdown. However, this trend line was resistance for a while, it doesn't want to give up support so easily. Note that the 10 year yield is under pressure as well.
bias is long
but could be wrong
be prepared
bias is long
but could be wrong
be prepared
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Related publications
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.