US 1O YEAR
Added 2024-10-10 17:43:32 +0000 UTCUS 10Y continues its climb higher as briefed from the last update, I believe this will continue moving higher in this aggressive bounce until the 200 Day MA at 4.17% and I believe it will be met with some resistance
A rejection here and we can assume that the trend will continue down lower to the Wave C target
The bounce so far has not been impulse in nature, it looks corrective in a downtrend.
The finance stocks we upload regularly should benefit from a rejection at the 200 Day MA
$SQ, $AFFRM and $SOFI look particularly right now.
$TLT and $TMF should also reverse when this reverses.
Comments
Thanks Spryseer, was a bit confused at first too haha
Stijn
2024-10-11 12:14:41 +0000 UTChttps://www.patreon.com/posts/102410645
Spryseer
2024-10-11 04:46:43 +0000 UTCWhy does the price go up? For example, why would TLT, the 10 year treasury bond go up if yield/interest rate goes doown?
Mohit
2024-10-10 19:17:34 +0000 UTCThe 10Y gets charted / tracked as yield, not price. The price goes up when the yield (interest rate) goes down.
Spryseer
2024-10-10 18:57:42 +0000 UTCJust to confirm, when the 10 year goes in a downwards trend then TLT and finance stocks should go up? What’s the the reasoning behind this correlationg
Mohit
2024-10-10 17:55:31 +0000 UTC
