US 10 YR
Added 2024-04-11 16:42:05 +0000 UTCUS 10 YR bounced strong yesterday after the hot CPI print and continued this movement today.
The price action has bounced right up to the 0.618 Fib.
We want to see this rejecting, the higher this goes the more pressure the financial sector is feeling.
Ascending wedge has formed here but we are also seeing the 50 Day MA about to cross through the 200 Day MA....so there is a bearish formation but bullish indication now....meaning the market was not prepared for CPI to come in hot and has just made the Feds job harder.
A break above the wedge and this will put even more pressure on the Fed.
