NoaTrader

Most important chart to check BEFORE any other market!

Short
NoaTrader Updated   
TVC:US10Y   US Government Bonds 10 YR Yield
After 4 years of upward movement and reaching the ceiling of 5% yeilds.
Considering the momentum of the current downward trend from the 5% resistance, as long as the wave counting is considered correct and not violated, all financial markets, especially bitcoin, gold, and the US stock market for about the next year (2024) may be ascending
IF the bonds break the 5% resistance, the whole scenario is cancelled
Keep in mind that the amount of money printed and available to large investors to enter the financial markets is much more, and this can have much more extreme movements with it.
But beyond these cases, finding suitable entry points for each market is a completely separate and important issue that must be examined separately.
Neither gold nor Bitcoin are good places to buy now.
Comment:
Reuters:
Fed Chair Jerome Powell said at Wednesday's Federal Open Market Committee (FOMC) meeting that the tightening of monetary policy is likely over, with a discussion of cuts in borrowing costs coming "into view". The Fed's projections implied 75 basis points of cuts next year, from the current level.
“The market has been coming around to the idea that inflation won’t be sticky or problematic over the past six weeks and now central banks are confirming it,” said Adam Button, chief currency analyst at ForexLive in Toronto.
“The market has been coming around to the idea that inflation won’t be sticky or problematic over the past six weeks and now central banks are confirming it,” said Adam Button, chief currency analyst at ForexLive in Toronto.
Momentum is even more bearish than before.

nfa & dyor
Invest Smart!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.