US 10 YR
Added 2025-03-12 15:55:35 +0000 UTC10YR is digesting the CPI data released today and is deciding on its next direction
It is not a surprise to see the 10 YR at a very important junction leading up to this data release today
Price is sitting right on the 200 Day MA in between the 0.5 Fib and the wedge breakout line
A direction has not been taken yet since that data came out today, which was cooler than expected
A cooler CPI does mean that the economy is slowing down, which may force the FED to reduce rates....but I believe still pausing makes the most sense but Trump will likely put pressure on the Fed to reduce rates so they can reduce the debt....I see it from both sides.
If the 10YR can stay in the wedge then the market can attempt to make a recovery....a higher 10YR is too much pressure on the market for me and this will keep the $SPY under the 200 Day MA in my opinion.
