S&P500 Will the bond yields rescue or push it lower?
The S&P500 recently has been negatively correlated with bond yields. The while line is the US10Y.
This has been inside a Channel Down and is near its bottom. Based on their negative correlation that will push the S&P500 lower.
The time that both the S&P500 and the US10Y rose simultaneously was after August 1st and we can seriously argue that there are resemblances between the two time periods.
What do you expect to happen this time?
Follow us, like the idea and leave a comment below!!
This has been inside a Channel Down and is near its bottom. Based on their negative correlation that will push the S&P500 lower.
The time that both the S&P500 and the US10Y rose simultaneously was after August 1st and we can seriously argue that there are resemblances between the two time periods.
What do you expect to happen this time?
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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.