US 10 YR
Added 2025-01-30 14:29:57 +0000 UTCUS 10 YR managed to pull all the way back to the 50 Day MA leading to the FED decision yesterday, I think by taking no action yesterday the FED has not rocked the boat and there has not been any wild reactions across the board because of this.
Market bulls want to see the 50 Day MA support lost here and a drop down to the lower Fib support levels.....ideally they'd also like all of these levels lost and the price action moving back into the large wedge....this would be bullish for the market
But right now, the US 10 YR is still leaning on the side of moving a lot higher while in this current set up: Above the 50 Day, 200 Day MA and above the Wedge.
In the short term, if the pull back continues then the market can keep melting up.
