US 10 YEAR
Added 2024-04-01 17:43:15 +0000 UTCThe US 10 Year bouncing 2.8% aggressively on the 50 Day MA is likely the cause of $PYPL, $SOFI and $SQ being red today.
PCE figures on Friday and Manufacturing data points today has caused the Treasury Yields to jump.
It is difficult for the above 3 to be bullish when this happens and this is something we have spoken about a lot over the last 6 months.
What we want to see is the dust settling this week and the Treasury Yields not breaking out of this ascending triangle next.
If there is a breakout, then we need to see a rejection at the 0.5 or 0.618 Fib levels
