Support and resistance levels
The intermediate trend is down and the near-term trend is up.
At this stage in the market, there is a direct correlation between the the major stock indexes and the 10-year treasury yield. Bearish sentiment is reflected in falling yields as investors move into the relative safety of government bonds.
Reference the last analysis for the US Bond 10 year yield.
Relevant article picked from the Web:
What is the bond market telling us? — Financial Post — Jan 12, 2012
Note: This technical analysis is for educational purposes so you can learn to trade online using candlestick charts. Please conduct your own chart analysis or consult your financial advisor before making investment decisions. The chart snippets are from BigCharts.com which I recommend and have used for fifteen years. The author of this article may hold long or short positions in the featured stock or index.
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