3/10/17 Could be an Important Day for TYXUS 30 Year Treasury yields as measured by TYX could have an important break through on 3/10/17 which is when the US Jobs payroll report comes out.
In December TYX hit a high of 3.20
In June 2015 TYX hit a high of 3.26
This very important double top could be breached on 3/10/17.
Daily RSI and MACD are no where near overbought indicating a lot of roam for yield to rise.
A breach of the double top will open the door for a run up to 4.00
Mark
TYX trade ideas
TYX weekly - might be targeting 2.7 - 1/13/2017Overall trend is bullish, but a correction from overbought to 40 week MA is very likely. Note both MACD and RSI are facing long term resistance. Might be a good 2 to 4 months of window for global stocks, commodities and precious metal, before the bullish trend resumes (if it can).