After the Fed What's Next for 10 Year Yield?

Yest.'s high at 2.29% in 10 year YIELD ended the upmove off of the Dec.- Sep. corrective low at 2.04%, BUT... my intermediate term work argues strongly that the advance from 2.04% to 2.29% (9/08 to 9/20) exhibits bullish form, and thus, represents the start of a second powerful advance in YIELD from the July 2016 low at 1.32%.

In other words, after a near term rest-digest period (a pullback to 2.18%-2.14%, for instance), 10 year YIELD should pivot to the upside into a powerful new upleg that takes out heavy, consequential resistance lodged between 2.30% and 2.40%, triggering upside projections to 3.25%-3.50% thereafter.

Only another plunge in YIELD that violates 2.04% will greatly compromise my current technical outlook.

9 21 17 Daily YIELD GIF
9 21 17 Daily YIELD GIF

  Matched
x
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
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!