ridethepig | US10Y Market Commentary 2020.04.10

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!