US10Y - ST Pullback in Yield Ahead?
Charted is a proposed price pathway for the 10yr T Bonds.
I'm looking for an easing in yield soon... in the 4.125 area (.786 Fib level) specifically, sometime in early March.
This will represent the top of the b wave of wave 4 off the Aug. 2020 low.
This expectation flies in the face of recently released inflation related news. As such my parameters are well defined here. A move beyond the afore mentioned yield will make me reassess the trade.
I'm seeing correlated markets showing signs of synergy with the expected outcome of this move.
Specifically I am expecting a move up in oil, technical ST pullback in DXY and a technical bounce in gold...which will fail and complete a fantastic short set-up.
See my Gold idea...
I'm looking for an easing in yield soon... in the 4.125 area (.786 Fib level) specifically, sometime in early March.
This will represent the top of the b wave of wave 4 off the Aug. 2020 low.
This expectation flies in the face of recently released inflation related news. As such my parameters are well defined here. A move beyond the afore mentioned yield will make me reassess the trade.
I'm seeing correlated markets showing signs of synergy with the expected outcome of this move.
Specifically I am expecting a move up in oil, technical ST pullback in DXY and a technical bounce in gold...which will fail and complete a fantastic short set-up.
See my Gold idea...
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