10-Year Treasury - Where is the Spike?
So far a spike higher in the 10-Year Treasury has not occurred. That's not to say that day isn't coming, but it's not here yet.
The above chart consists of two pitchforks. The steeper one is drawn from the 2011 pivot high. The other one is a less steep Schiff Pitchfork.
The green line is a trigger line based on the steeper pitchfork. If the rate were to cross above the green line and hold then it would raise the possibility of the rate going higher.
However, the rate has stayed below the trigger line and within the more gently descending Schiff Pitchfork. So, for the moment, it doesn't look like the 10-Year is going to spike dramatically higher.
Chart Analysis uses a combination of technical analysis and cycles to provide insight into the future direction of precious metals, currencies, stock indices and more.
