10 Year treasury yield rising wedgeWho knows what happens to equities when ZN breaks down from a rising wedge?
Another clue we are at the bottom of the market.
10yeartreasurybonds
US treasuries pre-fomc10-year treasury yields technically look set for a move higher after completing an ABC corrective pattern last week. The overbought status of the stochastic and the RSI indicators also point to a move higher.
The dollar and treasuries will however be at the mercy of the Fed this week.
Weekly candle:
Is the relationship between the yield curve and SP500 dead?Looking at the TVC:US10Y - TVC:US03MY and the AMEX:SPY it seems that during a recession like this TVC:US10Y - TVC:US03MY should rise and AMEX:SPY should fall.
Will it be the case this time as well or is this time different?
Maybe the FED cannot allow TVC:US10Y to rise this time due to the amount of debt and will instead impose yield curve control like in Japan by printing money to buy TVC:US10 ?
US GOVERNMENT BONDS 10 YR YIELD (US10Y) DailyDates in the future with the highest probability for price direction reversals
