US10Y ~ Nov-Dec Snapshot (4H Intraday)

26 nov 2023

US10Y chart mapping/analysis for last week of November.

TBC further details/write-up via ideas section, cheers.

29 nov 2023

Nota

US10Y Write-up (29th Nov)

• If you ever had to represent what getting kicked in the groin would like on a chart, show them US10Y (or possibly DXY too lol).
  
• Bull-friendly economic data + dovish Fed commentary = US yields getting dumped hard.
  
• Gold/Silver ripping in response, however US indices only consolidating which may warrant trader caution, TBC.
  
• Looking for either sell continuation towards S1 support line/lower range parallel (white) confluence zone, &/or reversal back up to re-test descending trend-line (yellow dotted).
  
• Reversal would coincide with sustainable market pull-back into mid-late December Santa rally.
  

DYOR.