Flattening for the close. Getting a couple of questions re; flattening after the hints in previous idea, for those following 10s30s you will notice the test of 55/54bps is underway.
↳ The latest breakdown is implying we are at the minimum here in an ABC expectation leg towards support ↳ Inflation readings will be key to drive this one, this is signalling a dangerous environment for equities and risk in general going into September. ↳ To the other side, buyers will need to break through 11th May highs to call for reassessment in the flattening view.
I enjoy and value your posts. You are right, this is an early warning for broader (stock) market. Interesting that copper price is running the same flag up the pole.