An important chart update for all early and late cycle players, the lows in US10Y Yields are not yet locked and this is holding the window open for a final leg to the downside cooking in Global Equities and risk markets.
A lot of buying interest in bonds towards 0.85 / 1.00 highs which will be enough to keep the downtrend in pay. I am looking for a full ABC completion from a strictly technical sense to complete the pattern. It will make things a lot easier for later in the year / into 2021 (and beyond).
On the map a very simple area to track:
Steel Resistance 0.89 <=> Strong Resistance 0.77 <=> Soft Resistance 0.69 <=> Mid-Point FLIP 0.60 <=> Soft Support 0.48 <=> Strong Support 0.39 <=> Steel Support 0.30
Thanks as usual for keeping the support coming with likes, comments, charts and etc... jump in with your questions and views!
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