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Equity indices approaching critical levels while Bond yields are turning higher

Technical Strategy Video:

Key Takeaways

  • Prices approaching important Nov highs for SPX and NASDAQ, while DJIA, EUROSTOXX50, Value Line Geometric Avg., Russell 2k all lagging
  • Treasury yields have begun to make good progress in turning back higher, with TYX in particular exceeding former yield lows that should result in further yield spikes
Multiple sectors are now approaching Trendlines and/or former highs that should cause some resistance and a “Back and Fil...

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