The US 10 YR is the big elephant in the room right now
Like I said in the last few uploads, if this was a stock we liked, we would be building a big position because of its bullish set up above all MA's and holding support above the bullish triangle.
A higher high next above 4.58% and the move will likely go as high as the 2025 high at 4.8% which will be a big headache for the Trump Admin and will likely cause Trump to react and take action to address this.
What I will be watching is how the US 10 YR, the retest of the 50 WMA for the market and $NVDA ER align with each other next wednesday for $NVDA's ER.
This could be a pivotal time for the market.