Will The Rising Interest Rate Crash the Stock Market?
@WYCKOFFPRO：
Last Friday the US 10 year treasury yield (TNX) spiked to 1.60, the highest since July 2021.10 year treasury yield (TNX)Based the daily chart above, $微型10年美债收益率主连 2110(10Ymain)$ broke out from the accumulation structure 2 weeks ago and tested the axis line (where the support-turned-resistance) at 1.5 followed by a shallow reaction.Last week, TNX was on the move again and broke the swing high resistance at 1.5 and close at the recent high at 1.60.It is likely to test the previous swing high formed in March 2021 at 1.7 (as shown in the blue box).While the10 year yield is on the rise, how does it affect the stock market? Let’s look at the NASDAQ 100 futures (NQ).NASDAQ 100 Futures (NQ)Firstly, why look at NASDAQ? While th
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