10 years yield pullback is almost certain over, higher we go
The 10-year yield is currently exhibiting strong bullish signals. After a significant surge, it has undergone a correction from overbought levels. What's particularly intriguing is that this correction has formed a bullish pattern known as a falling wedge. The correction has brought the yield down to two robust support areas.
At present (today), the yield is rebounding from these support levels, and the MACD indicator is showing signs of a potential turnaround, suggesting a strong upward movement today.
If today's closing price matches or exceeds the current levels, it would confirm a breakout from the falling wedge, potentially triggering a substantial upward trend towards the previous high. This could be interpreted as a bearish signal for commodities and stocks, especially given their existing overbought conditions.
At present (today), the yield is rebounding from these support levels, and the MACD indicator is showing signs of a potential turnaround, suggesting a strong upward movement today.
If today's closing price matches or exceeds the current levels, it would confirm a breakout from the falling wedge, potentially triggering a substantial upward trend towards the previous high. This could be interpreted as a bearish signal for commodities and stocks, especially given their existing overbought conditions.
Consistency is the key of success....