$TNX looks interesting on the Weekly Chart
The consensus is LOWER #interestrates
(I mean, they have been around 3.2ish)
Every time the 10Yr #yield was in this same situation it FOLDED.
Easier to see on daily.
However, something looks lil different this time around.
Can't make it out on the daily.
Let's see the weekly chart.
Hmmm...
Not yet, but gaining momentum...
If the 10 Yr yield starts pumping this could be good for $DXY.
Likely mean the inverse for precious metals like #Silver & #Gold.
#stocks #crypto
(I mean, they have been around 3.2ish)
Every time the 10Yr #yield was in this same situation it FOLDED.
Easier to see on daily.
However, something looks lil different this time around.
Can't make it out on the daily.
Let's see the weekly chart.
Hmmm...
Not yet, but gaining momentum...
If the 10 Yr yield starts pumping this could be good for $DXY.
Likely mean the inverse for precious metals like #Silver & #Gold.
#stocks #crypto