As the chart shows, after last Wednesday's FOMC announcement, the 10 Year Treasury yields broke above 1.65 for a test of 1.75 with potential move toward 2%. This is a hugely important move and is part of what has affected the NASDAQ and the recent corrections in crypto currencies. There is also the additional move out of the high growth and high performance stocks...
Higher highs not impossible in following months here's why. In this Parabolic SAR pattern match I'm interested in the months subsequent to a match when yield closes first time below average (marked by red verticals). It's been a good time to buy the months after, and for S&P to go on & make new highs. NOT ADVICE DYOR.
NOTE THE CORRECTION ON CHART BELOW where...
What's up. Well DAX peaked last year S&P500 and Nikkei225 kept going up. The "Make America Great Again" maybe. Big "Dump-Ala-Trump" coming soon maybe. That's what bonds telling us maybe Will Crypto go into deep freeze and bitcoin go down by another half (50%) Time will tell. No hurry. Note these are Monthly charts
The reason for the usd rally last week despite poor data was the rally in tens.
looking at the technicals I see channel resistance confluenced with a strong resistance level and double top.
pin bar rejection at this level suggests sellers entering