Funny how everyone screams double top when $SPY is consolidating near highs, but total silence on the 10-year yield sitting at the exact same pattern.
Market's selective pattern recognition is wild. If you're bearish equities based on technicals, you should probably be watching rates with the same energy. The 10Y breaking higher would matter way more than some arbitrary chart formation on indexes.
Either both patterns matter or neither does. Can't cherry-pick your TA based on what fits your existing bias.
Market's selective pattern recognition is wild. If you're bearish equities based on technicals, you should probably be watching rates with the same energy. The 10Y breaking higher would matter way more than some arbitrary chart formation on indexes.
Either both patterns matter or neither does. Can't cherry-pick your TA based on what fits your existing bias.
