YM down - broke rsi channel, price action trendline broken
YM:
Daily:
-broke down hard from the rsi uptrend channel
-obviously a kill candle today on fomc; broke hard below the uptrend price action
W: (will publish separately)
-also breaking below an uptrend rsi trendline/channel
Note:
the yield curve reverted to normal this week
I expected that it would take several months before we saw a meaningful pullback, but the fomc may be a catalyst; tbd...
Daily:
-broke down hard from the rsi uptrend channel
-obviously a kill candle today on fomc; broke hard below the uptrend price action
W: (will publish separately)
-also breaking below an uptrend rsi trendline/channel
Note:
the yield curve reverted to normal this week
I expected that it would take several months before we saw a meaningful pullback, but the fomc may be a catalyst; tbd...
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