US 10 YR
Added 2024-12-26 18:39:30 +0000 UTCThe US 10 YR going into a possible Wave 3 here all the way up to the 1.618 Fib at 5.59% is a terrible situation for the FED, this also aligns very well with our blue support/resistance line too.
It is extremely uncommon for the Fed to Rate Cut and the 10 YEAR to go higher by the same margin.
There is clear disconnect with the market, the Fed, inflation, interest rates and the state of the true economy.
And it is another Red Flag for us to be concerned about.....because quite simply, somebody is going to be wrong and right now it looks like the FED.
We saw last week how the market behaved to the possibility that inflation will go higher, if it does go higher which I suspect it will, the market will react poorly to this....so I do believe the current Wave 5 for the market is limited now.
