The U.S. Government Bonds 10 YR Yield (US10Y) has been on a pull-back in the past 2 weeks and is close to testing the 1D MA50 (blue trend-line) again. This held last time upon contact on May 26 and constitutes the first Support. We may have a Channel Up pattern in formation and the 1D MA50 sits almost exactly on its Higher Lows (bottom) trend-line. A 1D candle...
The US Government Bonds 10 YR Yield, broke last month above a historic Lower Highs trend-line that has been holding since September 1981. This chart is on the 1M (monthly) time-frame. By doing so, it also broke above the 1M MA200 (orange trend-line) for the first time in history as well. Even though it hasn't broken above the previous Lower High of November 2018,...
Upper trendline projected double-top, providing room for equity melt-up rally. Double top = Monthly bearish div --> crash Top 1: 2.15 Top 2: 2 Bear Market Start: H1 2023 Bear Market End: H2 2024
The US10Y is following exactly the pattern of October - November 2021. After a strong Channel Up, it broke to the downside, below the 1D MA50 (blue trend-line) and marginally under the Support of the Channel Up first Low. Based on the November pattern, the price should decline for the rest of the month, making a Lower Low below the Support and quite likely near...