Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

$US10Y Reaches 16 Year High, Short-Term Forecast & Negative Impact on Equities Market

Written By: ChartChamp

October 5, 2023

The $US10Y has been extremely bullish since May 2023, and has gained more strength after the Fed’s hawkish announcement that led to a “higher for longer” interest rate environment. The $US10Y has broke through numerous resistance levels to reach its 16-year high. From a technical analysis perspective, the $US10Y has a tendency to have strong bullish rallies with breaks above the Bollinger Band (marked by yellow lines). We are observing that scenario in the current bonds market. There is a likelihood that the rally continues for a few more weeks (approximately 1-4 weeks). However, I think the $US10Y and bonds market are due for a correction back down to the EMA ribbon. A strong bond market hurts equities because investors perceive $US10Y as a less riskier investment alternative. This is hurting $SPX in the short term, but a peaking $US10Y could also signal the bottom of the $SPX correction at current levels. For now investors are waiting for Friday’s jobs data after the Tuesday JOLTS job openings data came in worse than expected.

TradingView Chart:
https://www.tradingview.com/chart/US10Y/pB9Bzswz-US10Y-Reaches-16-Year-High-Short-Term-Forecast-Discussion/

.

Thank you for reviewing my public trade Ideas.

Follow me on Twitter / X for frequent updates @realchartchamp

Check out my premium services below

.

  • Stock & Crypto Trading Group – frequent stock and crypto trading group ($19.99/ mo.)
  • Trading & Investing Course – lessons for how to trade and invest more successfully ($5 per 60-90 min. lesson)

.

More details: https://clearvalueinvesting.com/content/community-post-options/chart-champs-premium-telegram-services/

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

GS Options Trade Setup

GS has reached a new all time high after reporting strong earnings. I think GS is forming a very bullish channel that has a steep upward slope. If GS rallies to $570 I would consider an options puts trade around $570-575. Follow me on social media: https://linktr.ee/realchartchamp

Read More
Default Thumbnail

TSLA Rejected at Resistance

I previously posted a TSLA options puts trade setup in the white resistance zone between $264.72 – $271.23. TSLA already formed a rejection near the lower end of this range that led to a selloff. There is an Oct. 10 robitaxi event that is approaching, I think if TSLA rallies back up to $265 – […]

Read More
Default Thumbnail

TSLA Roboxtaxi Sell the News Event

Tesla has an upcoming robotaxi event on October 10, and I believe that is likely to be a sell the news event. Historically these events usually lead to selloffs on the date of the event. TSLA is approaching a key resistance zone between $264 and $271 with a chance of an overshoot. I think there’s […]

Read More
Default Thumbnail

GS Options Trade Setup

GS has reached a new all time high after reporting strong earnings. I think GS is forming a very bullish channel that has a steep upward slope. If GS rallies to $570 I would consider an options puts trade around $570-575. Follow me on social media: https://linktr.ee/realchartchamp

Read More
Default Thumbnail

TSLA Rejected at Resistance

I previously posted a TSLA options puts trade setup in the white resistance zone between $264.72 – $271.23. TSLA already formed a rejection near the lower end of this range that led to a selloff. There is an Oct. 10 robitaxi event that is approaching, I think if TSLA rallies back up to $265 – […]

Read More
Default Thumbnail

TSLA Roboxtaxi Sell the News Event

Tesla has an upcoming robotaxi event on October 10, and I believe that is likely to be a sell the news event. Historically these events usually lead to selloffs on the date of the event. TSLA is approaching a key resistance zone between $264 and $271 with a chance of an overshoot. I think there’s […]

Read More