US10Y - INMINENT SELL OFF US10Y - 10 YEAR BOND WEEKLY TENDENCY ANALYSIS
THE 10 Year Bond Started Buying from Weekly Demand (green)
Then reached Monthly Supply that generated a new/fresh weekly Supply to start reversing the price
Destiny: Weekly demand (green)
Stages/Weekly tendency - Stan Weistein
- STAGE I: Price consolidate Between SMA 30 @ Weekly TF
- STAGE II: Price break consolidation and make highs above SMA 30 @ Weekly TF
- STAGE III: Price consolidate Between SMA 30 @ Weekly TF
- STAGE IV: Price break consolidation and make lows below SMA 30 @ Weekly TF
Us10yearnotes
US 10-Year Notes - LONGI've been loading on these like crazy, all day long.
Yields have peaked, by any measure. Also, the inevitable - continuous - U$D buying can't help but push these higher.
The Yuan/Rubble based trade, while present, is miniscule and capital isn't exactly flowing into mainland China. No one trusts the Chinese and the Russo-Chinese alliance is about as stable as a floating dice game. Hence, the Chinese central Bank's insane gold buying spree despite which gold prices couldn't muster more than an intra-day all time high, lasting all of 5 minutes.
All U$D, all day long.
US10Y Bearish this month, bullish the next.The US10Y is following exactly the pattern of October - November 2021. After a strong Channel Up, it broke to the downside, below the 1D MA50 (blue trend-line) and marginally under the Support of the Channel Up first Low.
Based on the November pattern, the price should decline for the rest of the month, making a Lower Low below the Support and quite likely near or on the 1D MA200 (orange trend-line). The opportunity to turn bullish again will be in early - mid April.
Notice how even the 1D CCI sequences of the two fractals are virtually identical.
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