US 10 YR
Added 2025-05-05 12:56:54 +0000 UTCWhile the masses got distracted by earnings last week, the US 10 YR retested the wedge support level, the 200 Day MA and the 0.618 Fib and held and today is bouncing.
This is not what a bullish market needs to see, nor is it what Trump wants either.
We know that earnings were not bad, guidance were showing some uncertainty but the Mega Caps did not concern the market and Q1 was before the Tariffs were imposed, so companies likely stock piled leading into this date.
We must not get distracted here.
I think the next 2 weeks will be important, especially when ships arriving from China are half empty, this will be noticeable to the public.
The 10 YR moving higher may also accelerate Trump to making a deal sooner with China and many countries.
If we see a higher high above 4.6%, I think Trump will react, as he did in early April.
