Treasuries on track for a crash in H2'23. 10Y above 10%.The triangle within wave 4 has ended. Either today, or on May 3rd. What will happen next has never happened before. The crash in Treasuries in extended wave 5 is scheduled for H2 - the time when 10Y will definitely hit above 10%, dragging the entire market as low as SPX 1000...1500.
The closest analogy to the coming crash is 1929. But remember - the crash of 1929 was just a correction within a 100-year long trend, which finally ended on Jan 4th this year.
The coming crash will be one fractal level higher: it will be part of the correction to the entire 100-year long bull market in the US.