10 Yr Yields - Potential Breakdown
Structure:
(-) In a downward channel
(-) Broke long-term uptrend
(-) Lower highs, lower lows
(-) Negative bias under 18 MA, 50 MA and 100 MA
(-) Looming "death cross" of 50 MA under the 100 MA
Indicators:
(-) Falling momentum, but oversold
Macro:
(+) Strong Dollar
(+) Fear is coming out out of the market from last FOMC
(?) Friday jobs report
Target: 200 MA @ $1.27
Bull contra case:
Yesterday's price action could be a fake out and could move higher to $1.62
Would need to break through several moving averages
Bullish divergence with slow stochs
(-) In a downward channel
(-) Broke long-term uptrend
(-) Lower highs, lower lows
(-) Negative bias under 18 MA, 50 MA and 100 MA
(-) Looming "death cross" of 50 MA under the 100 MA
Indicators:
(-) Falling momentum, but oversold
Macro:
(+) Strong Dollar
(+) Fear is coming out out of the market from last FOMC
(?) Friday jobs report
Target: 200 MA @ $1.27
Bull contra case:
Yesterday's price action could be a fake out and could move higher to $1.62
Would need to break through several moving averages
Bullish divergence with slow stochs
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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.