Elliott Wave Analysis On 10 Year US Notes And SP500
Chart of the 10 year US notes shall be the most important for now as price action is quite clear and suggests that wave (C) is due. We expect another leg up to around 130.50 area, so in the mean time yields will be lower which can keep stock market under pressure.
10 Year US Notes, 4H
In fact, the price personality of the last few days on the E-mini S&P500 also suggests that current uptrend is tired and that correction is coming. We are looking at completed ending diagonal that can send price down into an A-B-C set-back.
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