With CPI hitting 0.1%, this was a clear cut obvious example of failed growth. With Powell capping the yield curve, it may appear that some could be confused. When growth and inflation both go down, and CPI has printed the wrost number ever. This was deflationary, and anything above this would be at best quad 2, but it won't sustain.
US 10yr- Symmetrical Triangle.
60% probability of Upward breakout (40% downward).
From Thomas Bulkowski's Encyclopaedia of chart patterns based on over 1000 trades studied.
May of last year, I predicted 10-12 months before the inversion would match the time-frame of inversion and un-inversion seen back in 08. Obviously, the catalyst I did not predict, but the underlying fundamentals were there and 12 months later, we are yet to technically be in a recession. Keep in mind, we need 8 months of data to print for GDP until the quants and...
All technicals but as the 10yr yield drops, equities should follow.
For the buy, it's a scenario to capture what would be a continuation of the reopening hype.
Looks like the expanding ending diagonal in the Wave II correction ended around April 21st.
An expanding ending diagonal indicates strength in the move ahead.
I am expecting this to move up from here.
A break above 1.28 should confirm a bottom is in place.
Please LIKE and FOLLOW to get notification of updates and future posts.
An important chart update for all early and late cycle players, the lows in US10Y Yields are not yet locked and this is holding the window open for a final leg to the downside cooking in Global Equities and risk markets.
A lot of buying interest in bonds towards 0.85 / 1.00 highs which will be enough to keep the downtrend in pay. I am looking for a full ABC...
An insane move across Yields with historic outflows, I am expecting some relief over the coming weeks but we the lows are still open for a 5th wave sequence. This target will worryingly come into play at 0.20x! We have intentionally covered the Credit Spreads together here in order to see what is "challenging" in the US economy:
Such compensation is...
