S&P500 Will the bond yields rescue or push it lower?

The S&P500 recently has been negatively correlated with bond yields. The while line is the US10Y.

This has been inside a Channel Down and is near its bottom. Based on their negative correlation that will push the S&P500 lower.

The time that both the S&P500 and the US10Y rose simultaneously was after August 1st and we can seriously argue that there are resemblances between the two time periods.

What do you expect to happen this time?


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