TNXTVC:TNX 10 year-treasury note at an area of value. We probably need it lower for a bull market to play play out. At this moment it's bearish, and hope that it's moving in the right direction to allow for a roaring bull market.
Tnxanalysis
TNX ProjectionsBased off this *very* well respected weekly channel on the 10 year, I do believe 2.0-2.5% is quite possible, if not likely.
TNX 10 yr. yields TNX so far in Dec. Ms1 pivot point to the MP. So far this quarter, Qr1 to QP. Institutional traders use pivot points.
A potential change in trendIf that is that case, I suspect anywhere between 55 and 60 is the sweet spot
More Downside For TNXThe TNX is currently correcting the 93.43% up move in the mid of 2016.
To make long story short, we want to buy tnx at around 1.99% IF it can manage to break the current low at around 2.17%.
Consequently, with a break of the low of 2.17% and TNX reaching 1.99% we believe that the correction in the indices or not over yet. So in case of a leg lower in TNX we expect indices to follow the downside path of TNX. Why we expect this is because of intermarket analysis reasons. We cant go into detail because we want to protect our clients privilege.
Hope that helps.
Cheers,
Your Secrets2Trade Team
Good spot for buyers on US 10y papertreasuries and bonds not acting inline with main markets....
expecting further downside on u.j so will be actively looking for positions alongside the imminent breakout we are witnessing in gold. 1250.xx was the key to pandoras box and 1320.xx, congratulations to those who took this trade and are still holding.
Eyes on the trigger to set things off here.
