I am staying patient on this not only because the daily charts have not completely given up the rising yields play, but also because the monthly charts still look poised for it (and a decline in bonds).
The post-FOMC period has been somewhat annoying as often seems to be the case. I’ve been trying my best to be balanced until the view clears as the robots running this market grind their gears. It’s one of those phases I wish I were a day trader not at all caring what the macro signals are. But alas…
Here we have the T note having inched out of a bear flag and the yield having inched up from a bull flag. These are being tested now.
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