This has been a nice move up today and looks like this has gained a lot of momentum quickly.
Indicators are showing that this has room to run, when in times of doubt the dollar is still king.
The 10 year yield is still hovering around the 1.5 handle and did not retreat after the dramatic upward move yesterday, could be consolidating.
If this closes above the top yellow trend then this will have broken out of a yuge descending wedge thats been going since last year.
Mind you we are about to break down out of a yuge ascending wedge on most indices especially ES1!
If this coincides at the same time then wow lol.
That's all folks
Indicators are showing that this has room to run, when in times of doubt the dollar is still king.
The 10 year yield is still hovering around the 1.5 handle and did not retreat after the dramatic upward move yesterday, could be consolidating.
If this closes above the top yellow trend then this will have broken out of a yuge descending wedge thats been going since last year.
Mind you we are about to break down out of a yuge ascending wedge on most indices especially ES1!
If this coincides at the same time then wow lol.
That's all folks