US 10Y new range between 0.994% and 1.416%, not good for stocks
My chart is quite clear. Pullback seems to be finished. A higher high will be created soon no matter what.
As my previous published idea mentioned, the higher the rate, the more pressure stock market has. I just checked the OMO of Fed, the outstanding of tip has dropped a bit this week. And this is the first time since the covid-19 crisis last March.
So, be cautious! Make sure you're able to get out when everybody wants to get out. In that scenario, drastic fall will happen within a short period of time.
As my previous published idea mentioned, the higher the rate, the more pressure stock market has. I just checked the OMO of Fed, the outstanding of tip has dropped a bit this week. And this is the first time since the covid-19 crisis last March.
So, be cautious! Make sure you're able to get out when everybody wants to get out. In that scenario, drastic fall will happen within a short period of time.
Note
As expected, new high created today. On the other side, the stocks are still pretty strong today. Please be advised that it takes time to impact the stocks.
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plan your trade and trade your plan
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.