US10Y Touched its 1D MA50. Time to rebound?

6 mar

The U.S. Government Bonds 10 YR Yield (US10Y) is expanding the new Bullish Leg, which we gave a buy signal on last time (January 24, see chart below):

Yesterday it touched the 1D MA50 (blue trend-line for the first time since the February 05 break-out. During the previous leg of the 1.5 year Channel Up, the 1D MA50 held all the way until the formation of the new Higher High.

As a result, we are bullish as long as it closes the 1D candles above it, with our 5.000% Target intact.


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