FIBONACCI | March 22, 2017
Bond Yield Decision Point
Yield for US 30-Year Treasury Bonds has reached powerful resistance. What are sentiment and momentum indicators telling us at this juncture?
The most interesting market to watch for the remainder of March could be US 30-Year Treasury Bond and its yield as measured by CBOE Treasury Yield 30-Year Index (TYX). A break above the 3.26 level could trigger a move to at least 3.90. Evidence from the dimensions of sentiment and momentum offer clues to what may happen in the several weeks.
by Mark Rivest
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