US 10-yr yield Bearish Cypher, what it means for markets?
About 5 days ago, I had pointed to the possible Bearish Cypher formation on the 10-yr treasury yield. The pattern stands completed today.
Point D = 1.499% = potential reversal zone (PRZ) has been tested. As per the pattern, we should be heading down from here. For related markets this means -
US stocks may be in for correction
USD/JPY rally could run out of steam if treasury yields slips from PRZ
Point D = 1.499% = potential reversal zone (PRZ) has been tested. As per the pattern, we should be heading down from here. For related markets this means -
US stocks may be in for correction
USD/JPY rally could run out of steam if treasury yields slips from PRZ
