What you're seeing in this chart is the 10 year. A great one to watch to see what the market is thinking. The 10 year is showing the results of QE tightening and Trumps willingness to curb the debt problem. What Trump is doing is healthy, this market needs it. To the moon does not last forever. It is looking like a twist coming in the MACD but looking previously it would have been considered a fake out. Unless Trump comes in and saves this market tomorrow could be a bloodbath. This scenario is on borrowed time regardless. We are literally bleeding dollar bills out of our ears. BRICS abandoned the dollar as we know, although tradable. During the Great Depression JP Morgan bailed out the market. People said he saved people but the people that were wiped were already gone, he saw the bottom coming in which just made JP Morgan the wealthiest company in history. Fast forward to now, nobody is bailing $37 trillion. This an end game, again, unless Trump or The Fed steps in.
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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.