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Friday, February 24, 2023

Technical: Peak Bond Yields to Signal Peak DXY and Bottom in Metals and Miners

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Alert Alert Feb 24, 2023, 10:42am
 
Technical: Peak Bond Yields to Signal Peak DXY and Bottom in Metals and Miners
October 24 was the day TLT bottomed at 91.50 on a closing basis, 90.95 intraday. The same day, the 10Y closed at a peak of 4.23% after closing at 4.33% on an intraday basis the day before. {chart} Focusing on the closing prices, I believe we're in an A-B-C correction from the peak at ~109 on December 7. Waves A and B have been completed and now we're ...
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