The 10 year just printed 2.41. It has come too far too fast and overshot the 30 year trend line on TNX. I am not sure if it holds but I think it at least pauses here. The TNX 30 year trendline is sick. https://www.tradingview.com/x/F5NoLcy8/ $TLT holds this 119-121 area and is going to bounce hard. I went bearish at $143. Now I am bullish at this 120. Long with a mental stop below 118 ish
For all you folks in the retirement pool that are watching the US 10 year yield... My charts for TLT. Weekly still showing a sell but the trend in the daily chart recently changed from sell to buy...Perhaps an early pointer to some short term price and yield stability...the weekly chart will confirm if the trend is not just a blip... 10 Year ETF (Daily Chart) https://drive.google.com/file/d/1sF6k9YZefgH421coznugBdutjQe0s5v3/view?usp=sharing 10 Year ETF (Weekly Chart) https://drive.google.com/file/d/1ZlUMkbDjcKFUqr-xC-YqNXauPuyJ8aUh/view?usp=sharing I used TLT as an inverse surrogate for the 10 year yield so a TLT buy = 10 year yield decrease.
