Ten Year Interest Rates Bottom at Major Support
Today 2/24/20 TYX - 30 year US Interest rates made a new low for the secular bear market that began in 1981.
This low was unconfirmed by 10, and 5 year rates.
TNX - 10 year interest rates bottomed 1 tick above the major bottom made in July 2016, also close to a new moon.
Daily RSI has a significant bullish divergence.
The daily TNX bar was completely outside the lower Bollinger Band. Please see my 2/24/20 GLD post.
Just like the Gold market, tremendous evidence of a possible major turn taking place.
Mark
This low was unconfirmed by 10, and 5 year rates.
TNX - 10 year interest rates bottomed 1 tick above the major bottom made in July 2016, also close to a new moon.
Daily RSI has a significant bullish divergence.
The daily TNX bar was completely outside the lower Bollinger Band. Please see my 2/24/20 GLD post.
Just like the Gold market, tremendous evidence of a possible major turn taking place.
Mark