Watching the SPY on the hourly and it appears to be in a H&S pattern at the moment.
Bull above 440
Bear below 429
Bull - US10Y goes above the 200 MA, less bond buying and DELTA variant isn't an issue
BEAR: Delta variant, inflation, US10Y drops below 200 MA
Bull above 440
Bear below 429
Bull - US10Y goes above the 200 MA, less bond buying and DELTA variant isn't an issue
BEAR: Delta variant, inflation, US10Y drops below 200 MA
Note
July 22, 2021 08:30 AM ET (BZ Newswire) -- NewsUSA Initial Jobless Claims for Jul 16 419.000 thousand vs 350.000 thousand consensus estimate. The prior reading was 360.000 thousand.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.