1. UVXY – analysed: continue to assess the price action of UVXY for the next 2 to 3 hours as it may rally hard to the upside:
2. US10Y – yields are surging back up to the scene of the crime (parallel channel).
3. XAUUSD – analysed.
4. RUT – analysed.
5. QQQ – analysed.
6. SOXX – still ranging on daily timeframe.
7. BTC – analysed.
8. BTC.D
Learning Points
- An increasing US10Y seems to increase volatility in the markets (when yields go up, the broader market goes down). This results in the UVXY also rising to the upside.
- The reverse is also true. When US10Y falls it causes the broader market to rise, which in turn causes the UVXY to decline.
Next Actions
- Keep a close eye on the UVXY on monday when the markets re-open.
- Learn more about trading intermarket relationships.
