US10Y: This pattern has been extremely bullish for stocks.

The U.S. Government Bonds 10 YR Yield is heavily bearish on its 1W technical outlook (RSI = 36.788, MACD = -0.034, ADX = 32.176) and that has historically been favorable for stocks. More specifically, when the Yields have been trending down inside a Channel Up since 2010, the S&P500 was on an uptrend. Going into more detail on the US10Y RSI on the 1W timeframe, it is almost on the 34.20 trendline, which is a key level as every time it hit that (see the dashed vertical lines), the S&P500 bottomed. The exception to the rule was, needless to say the COVID crash in Feb 2020. According to this, Trump's tariffs create the perfect market opportunity for a new long term buy.


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