US10Y - ST Pullback in Yield Ahead? Charted is a proposed price pathway for the 10yr T Bonds.
I'm looking for an easing in yield soon... in the 4.125 area (.786 Fib level) specifically, sometime in early March.
This will represent the top of the b wave of wave 4 off the Aug. 2020 low.
This expectation flies in the face of recently released inflation related news. As such my parameters are well defined here. A move beyond the afore mentioned yield will make me reassess the trade.
I'm seeing correlated markets showing signs of synergy with the expected outcome of this move.
Specifically I am expecting a move up in oil, technical ST pullback in DXY and a technical bounce in gold...which will fail and complete a fantastic short set-up.
See my Gold idea...