Checking on the 10-Year Treasury Note Yield
Spoiler: Once TNX broke support – it has not recovered
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Spoiler: Once TNX broke support – it has not recovered
The break has come. After bouncing between support and resistance for a long time, USO smashed through support
That was quick. SHOP departed its old long-term support towards new one
[UPDATED: August 18, 2024]
It is the first time since the beginning of 2019 that TNX is below support
Because the bands converge, it took USO only a month to go from the ceiling to the floor
[UPDATED: August 10, 2024]
Frequent visits to the support area should place SHOP watchers on alert mode. Next down: $50-$51
This time, USO hit the moving average resistance band. Again.
NKE crossed its legendary MA support lines from the ’90s like they were the finish line ribbon