Revisiting the 10-Year U.S. Government Bond Yield (
TNX) via a dual time frame view.
The Macro Frame (Left):
Yields are pushing right back up against the upper resistance line of the multi year symmetrical pennant/bull pennant. Crucially, the key Exponential Moving Averages held the recent pullbacks, while weekly RSI remains firmly above 50.
The Tactical Frame (Right):
Instead of continuing down toward the bottom of the macro wedge, the daily action broke out to the upside from its descending channel. We have a fresh bullish EMA crossover, and daily RSI has surged to 63 with solid momentum behind it.
The Takeaway:
Consolidation directly beneath major macro resistance shows strong underlying demand for yield. Rather than a deeper pullback first,TNX is attempting an upside expansion phase. A confirmed weekly close above this upper wedge boundary would signal a major structural breakout. One that could reverse the recent tailwind for broader equities.
Waiting for confirmation on the candle close is key.
TNX) via a dual time frame view.The Macro Frame (Left):
Yields are pushing right back up against the upper resistance line of the multi year symmetrical pennant/bull pennant. Crucially, the key Exponential Moving Averages held the recent pullbacks, while weekly RSI remains firmly above 50.
The Tactical Frame (Right):
Instead of continuing down toward the bottom of the macro wedge, the daily action broke out to the upside from its descending channel. We have a fresh bullish EMA crossover, and daily RSI has surged to 63 with solid momentum behind it.
The Takeaway:
Consolidation directly beneath major macro resistance shows strong underlying demand for yield. Rather than a deeper pullback first,
TNX is attempting an upside expansion phase. A confirmed weekly close above this upper wedge boundary would signal a major structural breakout. One that could reverse the recent tailwind for broader equities.Waiting for confirmation on the candle close is key.
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Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.