US10Y Huge Bearish Divergence on RSI calls a drop!

Oct 25, 2022

The U.S. Government Bonds 10YR Yield formed Lower Highs on its 1D RSI while the price action has been trading on Higher Highs. This is a major Bearish Divergence that technically calls for a price reversal to the downside.

What's even more interesting is that every time the same RSI Bearish Divergence has been formed in the past 12 months, the US10Y always pulled-back and hit its 1D MA50 (blue trend-line). This is currently at 3.563 (and rising).

A reversal on the bond yields can have a major impact on the financial markets, especially ahead of next week's Fed Rate Decision, as it is negatively correlated with stocks and Gold.



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