Yield Pointing Higher - Market Analysis for Sep 1st, 2022

Benchmark 10-Year YIELD-- Bottom Line: both my longer and intermediate-term setups (see my attached charts) point to higher YIELD in the days directly ahead that will challenge and marginally take out the June high at 3.48%, but in that the setups also argue for unconfirmed new highs in YIELD, my sense at the moment is that from a target zone just above 3.50%, YIELD will reverse into a bout of corrective weakness prior to embarking on a larger advance towards 4.20%.

From the standpoint of the TLT (see my attached chart), my scenario points to a test of the June low at 107.80-108.00 followed by a recovery rally prior to the initiation of another downleg in the dominant downtrend from the December 2021 high at 155.12...

Based on my current outlook, I am expecting tomorrow's reaction to the August Jobs Report to be negative for prices, and higher for benchmark YIELD... Last in YIELD is 3.25%... TLTL is 109.96

9 01 Monthly YIELD GIF
9 01 Monthly YIELD GIF
9 01 Daily YIELD GIF
9 01 Daily YIELD GIF
9 01 TLT 4 Hr GIF
9 01 TLT 4 Hr GIF

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