10 Year LT Trend VERY Important Inflection Point $TNX $TLT $TBT $SPY $DNX

While Everyone looks at the Dollar and the All time highs (Almost) in the stock market I think many are missing an important point at this moment. Earlier this year Rates hit a low of 1.33 on the 10 year. This created the island bottom reversal as you can see below.

tnx-daily

HUGE MOVE. However this is possibly only just the beginning. Take a look at the Chart Below. 

tnx-weekly

A zoomed out chart from the daily to the weekly TNX displays a massive inflection point at hand. This trendline has been VERY significant since the 1980’s and is on the verge of collapsing. The more amount of times a trendline is touched the stronger it is. BUT when it breaks the structural support is gone and the trend tends to reverse the other way rather sharply.

I think many people should be paying attention to this in the near term seeing as this has potential to be a generational move. If this 10 Year breaks up I think the 10 Year will be targeting 5-7 in the next 3-4 years. 

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5 responses to “10 Year LT Trend VERY Important Inflection Point $TNX $TLT $TBT $SPY $DNX

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