US10Y closed with very interesting candle formations. There is something going to happen in the next 1-2 days. Beware.
A strong move down in US10Y (or upwards in $IEF) on Thursday-Friday could confirm the intent on the weekly frame, making the chart on the top a reality.
I am wondering what Mr. Powell is going to say tomorrow that would cause this type of reaction in US10Y bonds.
Weekly Analysis:
Follow @InvestingAngles – we offer the best long- and mid-term forecasts.