/ZB (30 yr Treasury bond futures) & TLT (20-30 yr ETF) buy signal triggered on this 60-minute bullish falling wedge breakout.
Ditto for /ZN (10-yr Treasury bond futures & IEF. 120-minute chart below.
Bonds up = rates down. Rates down = stocks up.
/NQ & QQQ popped into minor resistance on the CPI report so a minor reaction here likely although I’m targeting a move up towards those downtrend lines as per the recent 60-minute charts of /NQ, /ES, QQQ, & SPY.
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