*(click to enlarge) Compared to previous low the RSI and MACD are deeper, that along with synched decline of the 20 and 50 EMA leads me to think rates will continue to rise (bond prices fall).
A break of 112 is needed to allow further decline, if not I feel a retrace is near, and would HALT at either of these declining moving averages.
RSI is in oversold territory, so especially if bounce is not forthcoming, a BAD OMEN. At the outset, if futures are correct, a weak stock market should also attract bond buyers.....should.
With most foreign exchanges declining, it should cause additional pressure on the US equity markets. A break of 10,200 could usher in a new wave of selling. EVER heard of CASH???
Remember when INTC earnings would guarantee a rally?
D
No comments:
Post a Comment