Stock market bloodbath incoming !?
Updated
Dear traders and followers,
I will keep this short:
chart has formed a rising wedge pattern and price is near break out.
If the 10 year government bond yield close above 1.68 - 1.7 a massive bloodbath will happen today and tomorrow in stock markets.
Still not a good buy opportunity in connection with further raising bond yields.
Big money flows always into safe yields if they raise like in the last weeks.
FOMC meeting today could give the yield rate a boost or break it down. We will see later.
Still no reason for panic ! Just want to warn you guys there is something cooking in the background
and you should be prepared.
I will keep this short:
chart has formed a rising wedge pattern and price is near break out.
If the 10 year government bond yield close above 1.68 - 1.7 a massive bloodbath will happen today and tomorrow in stock markets.
Still not a good buy opportunity in connection with further raising bond yields.
Big money flows always into safe yields if they raise like in the last weeks.
FOMC meeting today could give the yield rate a boost or break it down. We will see later.
Still no reason for panic ! Just want to warn you guys there is something cooking in the background
and you should be prepared.
Note
DJ30 at least to 32100 P Note
S&P500 on the weekly looks pretty bearish if close under 3890 Note
DAX to 14200 P
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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