JICPT| surging US10Y yield triggered sell-off
Hello everyone. The surging US10Y yield above 3% trigger sell-off, with the tech-heavy index suffered the most pain. The index has been down by over 500 points.
Look at the US 10Y yield monthly chart, I think it's coming into the solid supply zone(3.07%-3.26%). I think the possibility of penetrating the zone with the first test is very low. It may consolidate around 3% for a while before taking the next step.
VIX chart: it seems to get support on the flip level around 25. 40 is definitely hard to break.
NQ: It's hard to guess how low it might go down. By applying anchored vwap, price might test the level of 12300. The violation of previous low is a sign.
On the macro and micro level, we do need some good data and better-than-expected earning reports to get buyers coming in. Until the CPI gets controlled, market will be volatile is likely to go further down amid high inflation(crude oil ) and conflicts in Europe. Obviously, 2022 will be a tough year to make money.
What do you think? Give me a like if you are with me.
Look at the US 10Y yield monthly chart, I think it's coming into the solid supply zone(3.07%-3.26%). I think the possibility of penetrating the zone with the first test is very low. It may consolidate around 3% for a while before taking the next step.
VIX chart: it seems to get support on the flip level around 25. 40 is definitely hard to break.
NQ: It's hard to guess how low it might go down. By applying anchored vwap, price might test the level of 12300. The violation of previous low is a sign.
On the macro and micro level, we do need some good data and better-than-expected earning reports to get buyers coming in. Until the CPI gets controlled, market will be volatile is likely to go further down amid high inflation(crude oil ) and conflicts in Europe. Obviously, 2022 will be a tough year to make money.
What do you think? Give me a like if you are with me.
Kommentar:
price got support around abcd pattern before it hit 12300
plan your trade and trade your plan
