Following weekly chart. This week we're nearly getting a short signal, posting earlier but I am nearly sure about the signal. TP1 3.26 TP2 3.01 SL 4.1 - Please wait for weekly close.
Hey tradomaniacs, The market is seriously playing games here! 🙈 The blast of yields can not be sustainable as this is going to be a be a thorn in Powells flesh. Why is that? Basically because rising yields will "raise the price of" debts! First of all, this is a BET against the FED and looks like TEST. As often explained, YIELDS are currently rising...
We are possibly looking at (and forecasting) a 3-touch sell-off on the US Government Bonds 30Y daily chart around resistance at 98'04'3. Sell-off in about 1-14 days time. R/R = 5.79% approx.
The ten year yield peaks about 6 months to 14 months before two consecutive quarters of negative growth (a technical recession). Right now, from our peak in this current cycle we are 6 months divorced from a peak in the yield. Moreover, 3 year over 10 year yields inverted recently a signal that a recession is in the not too distant future. However, massive...