TNX - Daily / The Break of Symmetry
Since July we began suggesting the ROC large break in early 2021 was a precursor to
a decades-long reversal in the Bond Market.
A Historic event seemingly lost on Convention.
The longer-term downtrend can easily be observed in both Weekly and Monthly
Charts - within those 2 TF's you will see the Long Term Channels UTL.
______________________________________________________________________
I pay a great deal of attention to Symmetry and Time, as it is as important as Price.
______________________________________________________________________
We can see in the chart above, 10 Year Yields decisively broke out as our pivot for
higher was 1.961.
Initially, it was front-run by 1 Pip during the Pre-Open - for bonds the action begins
at 8 AM EST.
The rest is history.
Extensions will trade into March IMHO.
Buyers since the FAKE 153 TOSS have been beaten down. Many are still insisting on
remaining in the Bid,
Buy the Dippers @ 153 / 151 / 149 / 147 / 143 / 142 / 139 / 136 continue to walk themselves
into continuing losses.
The Waffle House opened for Drive-Thru and the parking lot pileup ensued.
________________________________________________________________________
Forward CASH is not only being discounted for 007s, but for Corporate Jumbos aka
Mega Caps.
A clear sign of Depression 10X from August 2020 - a leading indicator by 18 months
historically.
Right on TIME - March 2022.
__________________________________________________________________________
You cannot fix stupid you can, however - you can take it's $.
Rates will continue to persist to the Larger time frames @ 3.5%.
This is the point of truncation late this year when 5/5 concludes for the Equity Complex
at New ATHs. Even the TLT baggies will gain small relief as all JUNK is hoisted higher in
one final Tulip Phase.
A multi-year Bear Market will ensue, collaterals will be "Reset" and Bonds, as we long warned
become perpetual.
Fluidity / Mobility matter most.
Unfortunately, the vast majority will remain snared.
a decades-long reversal in the Bond Market.
A Historic event seemingly lost on Convention.
The longer-term downtrend can easily be observed in both Weekly and Monthly
Charts - within those 2 TF's you will see the Long Term Channels UTL.
______________________________________________________________________
I pay a great deal of attention to Symmetry and Time, as it is as important as Price.
______________________________________________________________________
We can see in the chart above, 10 Year Yields decisively broke out as our pivot for
higher was 1.961.
Initially, it was front-run by 1 Pip during the Pre-Open - for bonds the action begins
at 8 AM EST.
The rest is history.
Extensions will trade into March IMHO.
Buyers since the FAKE 153 TOSS have been beaten down. Many are still insisting on
remaining in the Bid,
Buy the Dippers @ 153 / 151 / 149 / 147 / 143 / 142 / 139 / 136 continue to walk themselves
into continuing losses.
The Waffle House opened for Drive-Thru and the parking lot pileup ensued.
________________________________________________________________________
Forward CASH is not only being discounted for 007s, but for Corporate Jumbos aka
Mega Caps.
A clear sign of Depression 10X from August 2020 - a leading indicator by 18 months
historically.
Right on TIME - March 2022.
__________________________________________________________________________
You cannot fix stupid you can, however - you can take it's $.
Rates will continue to persist to the Larger time frames @ 3.5%.
This is the point of truncation late this year when 5/5 concludes for the Equity Complex
at New ATHs. Even the TLT baggies will gain small relief as all JUNK is hoisted higher in
one final Tulip Phase.
A multi-year Bear Market will ensue, collaterals will be "Reset" and Bonds, as we long warned
become perpetual.
Fluidity / Mobility matter most.
Unfortunately, the vast majority will remain snared.
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.