10 Yield yield is ready to destroy SPY

TVC:US10Y   US Government Bonds 10 YR Yield
The 10-year yield is in a huge symmetrical triangle.
Break out of it would trigger a massive move in rates. Rates are moving up due to the very hot inflation report.

Let's see if will it be rejected or if this will be the end of the bull market for now!
After the breakout of the triangle, the asset found resistance at a huge resistance area and got rejected from here.
The 10-year yield is just stuck above the support line and below resistance.

The move is expected to be powerful.

I am very bullish on yield because even Powel was yesterday very dowish, yields didn't drop as most would expected and it seems like today it will recover and start to move up. DXY is in huge green which could help.

If and when resistance is broken we will see an epic move in yields and a drop in SPY, but only IF a break occurs.

DXY starts to break. Major warning for SPY bulls, this could and likely end very badly for the stock market.

If DXY finishes day and week like now or even stronger, yields will likely break their resistance too.
monster move today meaning game over with bull market
What a break on DXY and 10 YYields.

SPYs bulls can only hope yields will correct little bit and relax. Pump in DXY and Yields is looking extremely bearish for stock market

Consistency is the key of success....

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