Tuesday, July 27, 2010

Forget the SP 500, focus on the Bond market

US 10 Year Treasury Note Yield chart analysis ;
1) That last candle ; focus on it and that key resistance (red trend)
2) A reversal below friday's candle would send Bonds back up
3) A break above that red trend will send the SP 500 much higher
Focus on the bond market today

1 comments:

Anonymous said...

I think Bond may go down, divergence on daily macd & HG, Copper, already rallying. Rally HG means weak bonds.
ian