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Jigstack
Mar 16, 2021 7:04 PM

10 year looks to rip into FOMC tomorrow 

CBOE 10 YR TREASURY NOTE YIELDTVC

Description

Long setup bad for tech stonks
Comments
StunnerStock
It is showing bearish divergence so how this will be going up ?
Am I missing something here ?
Jigstack
@StunnerStock, just because it shows bearish divergence doesnt mean its doing to go down. sometimes, many times in fact, these divergences get burned through and it results in a breakout. i.e. look at rsi, with todays action its pointing up and will result in a breakout if it gets above the red line on rsi
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