TNX 10-Year Yield

TNX ten year yield daily chart shows the negative divergence spank down of yield two weeks ago. December and January movement shows a sideways symmetrical triangle that broke out to the upside and hit the 37 target. During that December-January period, the ADX shows a strong upward trend in yield but that momo is no longer there.

Yields will move sideways going forward. The uber inflationists will be disappointed in seeing yields not climb as they expect. As yields top and roll over now, the consensus will be suprised to see a sideways to sideways down bias in yields in the weeks and months ahead. This information is for educational and entertainment purposes only. Do not trade based on this information. Consult your financial advisor before making any investment decision.