Hi J.T.
You're welcome.
Can you read the TYX chart for me? What's your take?
There are 4 tyx charts.... I guess you mean the dailies? Looking at those charts, I expect rates to continue lower.
1. MACD has remained negative.
2. STORSI's still point down, although the short term one is closer to oversold...
3. Looking at the forks... there are a bunch to consider but I would concentrate on the 6/24, 7/13, 8/2 down fork, and the 3/4, 4/9, 6/24 sideways-to-up-fork.... since they are fairly recent, and seem to working ok, thus far.
If the market were to touch the median lines of both of those forks in the next 3 days, rates might go to 5.889 on the TYX... BWDIK, it's just a guess, not a prediction. Beyond that, I haven't a clue... I hope to know better when we get there. <g> If rates keep working their way higher, and break the down-sloped fork... I will add some up-sloped forks again. Technically, they're already there, but I would like to see a reversal back up, before I post them. FWIW, talk to you later
Best Regards,
Frank |
