Sooner rather than later, perhaps; but the 10y %B (not to mention the stil-intact descending trend line since the 1987 swing high in yields) is resolutely declaring, "not yet". Long-dated Treasuries are at major support/yields at major resistance. Companion chart to $TNX $ZN_F
10 Year UST Yield: Setting up for Major Septaper Disappointment?
$GS at Bearish Bat PRZ resistance; double top activates below 148
10-Year UST benchmark yield breaks above its cyclical down trend line; but hesitating, presumably on Emerging Market rout/Syria safe haven flows. Does the negative divergence present on %B - a highly successful antecedent to major turns on the 10Y with very few exceptions- portend a failed breakout here?
A second attempt in 3 weeks to snap the rising channel begun late-May. Participation not as enthusiastic this time around, as indicated here by OBV and RSI. 148-163 remains a massive cluster resistance level to break through: a momentum break above this range means reassessment long.
As fibonacci projections go, $150-$163 on TSLA is a pretty big deal. What's going on here? Here's a closer look on the Daily: www.seeitmarket.com And today's Bearish Cypher on the M15 - unlikely to be a top, but it is a contender as a bearish setup inside the cluster range www.tradingview.com
Threatening all-time highs? Cypher PRZ ~155, to be decidedly shortly
SPX closes 15 points below its 50-Day SMA, finishing its fourth session beneath the widely-watched moving average. Monday, Tuesday and now Wednesday's candles feature consecutive failed attempts to retake the 50-Day. This 50-Day break does NOT have the flippant "buy the dip" tone of the previous 5 tests since the November 2012 low (reflexive 06/20/13...
R2k catches a bid at 1008-1010 May 22 all-time high resistance turned support. Base thesis for intra-pullback bounce here to 1023, 1030 horizontal resistance before turning lower through 1008-1010 toward channel support/May-July descending broadening formation support comes into play near 980-985, where the question of the latest uptrend begun in November 2012...
Horizontal Support: 61, 59; then Harmonic ABCD 100% Projection at 57.75, along with 61.8% retracement to Oct 2011 Low. Fall 2011 52.50-57.50 congestion below, with H&S Top at 78.6% retracement of the Oct 2011 Low near the bottom at 52.75
Mean (-) Variance from Cloud: -20.74% Mean (+) Retrace to Cloud: 21.1%