Another 6%+ jump of US10Y leading to NQ's retreat from key zone!
Hi everyone. It's another 6%+ jump of US 10Y yield which resulted in the drop of NQ and gold from early EU session! I'm worried about Hang Seng index and CSI300 tomorrow.
As I mentioned in the related ideas below, the uptrend continuation of US 10Y rocked the markets. Last week, it was in the 1.6% territory and now 1.7%. The speed is a concern. In my view, back to the normal level of 1.9% to 2% is a high probability event. Hedge funds and speculative institutions wouldn't let the chance pass. There are even Inverse Bond ETFs for short sellers to make some money.
So, what's next? Technically, the failure of challenging the key level disappointed me. On the daily chart, the below zone marked in yellow around 12700 would serve as a solid demand zone.
I'm tired of watching how assets react to US 10Y yield. I'm counting the days of re-focus on fundamentals, e.g. corporate earnings.
By the way, did you notice that gold is more sensitive to the yield? Check out my related ideas below!
Give me a like and follow if you like my idea.
As I mentioned in the related ideas below, the uptrend continuation of US 10Y rocked the markets. Last week, it was in the 1.6% territory and now 1.7%. The speed is a concern. In my view, back to the normal level of 1.9% to 2% is a high probability event. Hedge funds and speculative institutions wouldn't let the chance pass. There are even Inverse Bond ETFs for short sellers to make some money.
So, what's next? Technically, the failure of challenging the key level disappointed me. On the daily chart, the below zone marked in yellow around 12700 would serve as a solid demand zone.
I'm tired of watching how assets react to US 10Y yield. I'm counting the days of re-focus on fundamentals, e.g. corporate earnings.
By the way, did you notice that gold is more sensitive to the yield? Check out my related ideas below!
Give me a like and follow if you like my idea.
Nota
price needs to go up to above the triangle zone to defend the previous low Nota
Price visited key daily zone.Nota
After the opening, key daily zone broke through. US 10Y yield is rising and the tensions between US and China seems to be escalated. Not good for stocks. Price is likely to test previous lowNota
On the 1m chart, it looks like a fake breakout. bullish signals on the timeframe... If momentum holds, trend on 5m, 15m and 1h will be changed.. let's see!Nota
a bit choppyNota
My zone held well on the 5min chart with a 1:4 RR ratio. Market is choppy. Better hit and go.
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plan your trade and trade your plan
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.