The Long Investor
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US 10 YR
🕑 Added 2025-05-12 10:49:31 +0000 UTCThis is the big concern right now and could upset the party and we have been following this closely.
Price is now up +1.6% as the PM rages higher for the market
We have a higher high and higher low and a clear bounce on the 50 and 200 Day MA and bullish wedge top line.
If this was a stock we liked, we would be buying a lot of it right now with this bullish set up.
For this reason, the Wave B bounce for the market is still active as a possibility and we must not get distracted on the big picture
Double tops for the market catch a lot of people out but we will be ready as we have been for the last few months.
For clarity: a higher US 10 YR is the opposite to what Trump wants to bring down the National Debt....which many argued was the reason for the entire Tariff War to begin with.
Comments
Jon
isn't the head and shoulders a bearish pattern? Are you saying the waves trump the head and shoulders? (pun unintended)
John McCarthy
Thanks for sharing 👍
