2 year yield keeps pushing to the target at 5.50%
We are in the final wave v up. Upon completion of that five wave up rally we should get a large corrective a-b-c pullback to re-test the low made by the wave -iv- down
This is a textbook short setup, break under Monthly Support followed by a bounce back to the broken-support-turned-resistance.
As soon as bulls failed to reclaim the broken support that became a trigger that attracted new shorts.
The Rule of thumb is:
⚠️ when bears manage to break a support and then bulls attempted to reclaim it but fail, bears get reasons to...
According to principle of synchronicity proposed by JM Hurst, from time to time several distinctive cycles reach their respective bottoms simultaneously. In other words, cycles get aligned at bottoms or troughs.
However, cycles reach their peaks in asynchronous way! This is why when we deal with a big cycle topping normally it creates a string of multiple peaks....