Now, I'm expecting a retracement to test the previous level of support now resistance before heading lower. Lower prices will be bad for the market as it implies that deflation is coming.
Yields have been rising faster spooking the markets with equity indices already in correction mode.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.