It means the difference between US10-US02Y spread will move up - arrow on the plot. We can already see that values jumped to 1.63 and that will continue!
While the horizontal line (red/green) indicate 250 days moving average; Every time US10Y-US02Y crossed the 250d average the recession occurred but was not announced until a few months later!
It means interest cuts will follow during Presidential elections in the US and recession will not be announced until 2021!!!
Note
Probability of US Recession Predicted by Treasury Spread, Official NY FED website
"Treasury Secretary Yellen says rates may have to rise somewhat to keep economy from overheating" - that will be the last nail to the coffin and will inevitably cause the yield curve to move higher and flip the market.
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