These Corrections Are Not Finished Yet

If we transcend our hourly work to a more extended timeframe, what we see is that both the sharp decline in the e-SPU and the sharp climb in Yield have been confirmed by my RSI momentum gauges.

This means that any counter-trend moves (up in the e-SPU, and down in Yield) likely will be short-lived ahead of trend resumption to a new reaction low in the e-SPU (target zone: 1530/20) and to a new rally peak in Yield (target zone: 2.80%-3.00%).


  Matched
x
  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!