If this morning’s break above resistance is real you’ll need to have your thinking caps on in the coming weeks. It’s about to get really noisy out there. If the move is real, perceptions are going to firm and the 10yr and 30yr yields are going to go for their big picture limiters.
10yr daily… pattern target 2.8%.
10yr monthly… limitation at 2.9%.
30yr daily… pattern target 3.2%.
30yr monthly… limitation at 3.2% to 3.4%.
So is this morning’s break above the daily pattern resistance real?
I am about as geeked up as I’ve ever been.
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