The CNBC headline tells the story.
Here is the bump in the yield spread, which never did make a lower low and thus, held its steepening potential despite the recent hard pullback.
Not being a great trader (or a machine/algo) I now have concern about the contrary implications at play here and need to at least think about profit taking as we move forward. Here is the weekly chart we’ve been using in NFTRH for several months now. The question for Beuller is… who wins out, the reverse symmetrical triangle (would be bearish at point 5) or the bullish looking pattern within the rev-sym-tri whose neckline is now support? Anyone?
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