US10Y The critical trend-line.

A lot of talk is being made in 2021 about the bond yields and personally I have been following the US10Y very closely due to its effect on Gold and stocks.

At the moment I have singled out the most important trend-line that should weigh heavily on the 10Y in the following weeks/ months. As you see it is the 2 month Higher Lows trend-line that started after the March 11 Low. Despite the Channel Down that has emerged since the March 30 top, this trend-line has supported the price on multiple occasions since April 15. If broken, I expect a prolonged downtrend until the end of the year. Especially if the 1D MA50 (yellow trend-line on the chart) gets tested and rejected as a Resistance. Today we've had the strongest 4H candle closing below the 1D MA50 since last August and that should tell you something.


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