TVC:US10Y chart mapping/analysis for last week of November.
TBC further details/write-up via ideas section, cheers.
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US10Y Write-up (29th Nov)
If you ever had to represent what getting kicked in the groin would like on a chart, show them US10Y (or possibly DXY too lol).
Bull-friendly economic data + dovish Fed commentary = US yields getting dumped hard.
Gold/Silver ripping in response, however US indices only consolidating which may warrant trader caution, TBC.
Looking for either sell continuation towards S1 support line/lower range parallel (white) confluence zone, &/or reversal back up to re-test descending trend-line (yellow dotted).
Reversal would coincide with sustainable market pull-back into mid-late December Santa rally.