The yield’s failed “head and shoulders” (Aug. 6, 2022)

After celebrating a brief “head and shoulders” bearish breakdown on the daily, the 10-year Treasury yield returned back above the all important neckline (around 2.65%). This is bond-negative and who knows whether it will be a harbinger of a stock market decline ahead.

Disclaimer > This post is purely informational. It does not constitute a trading or investment advice. Financial markets are inherently risky. Honor your risk management decisions.