US 10Y continue to weigh on stocks
Needless to say the importance of US 10Y treasury yield. It is used as a proxy for many financial matters.
From the daily chart, I can clearly see that price has completed the pullback and is very likely to rise. It will weigh on the stock market at least for a short period of time.
Given the OMO of Fed, I think the bull market is far from over. However, the recent drop, as well as the WSB, indicate the high volatility in the near future. It's been up for quite a long time. It's better to take a while before heading up again.
From the daily chart, I can clearly see that price has completed the pullback and is very likely to rise. It will weigh on the stock market at least for a short period of time.
Given the OMO of Fed, I think the bull market is far from over. However, the recent drop, as well as the WSB, indicate the high volatility in the near future. It's been up for quite a long time. It's better to take a while before heading up again.
Comment:
As expected, momentum is really strong. Now, it came to previous high level. No doubt, another high will be created soon.
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