US Ten Year Yield In The Zone - 27 January 2023

Sample Notes Jan 27, 2023

Link to guidance notes for Hurst cycles terminology: FLD, VTL, Translation, Diamonds, Circles/Whiskers etc.  Peak and trough zones are colour coded according to cycle magnitude in Hurst's nominal model.  

We focus on a specific set of cycles in the notes, by wavelength:  Long, 54 month and 18 month; Intermediate: 40 week, 20 week and 80 day; Short, 40 day and 20 day.  The longer the cycle, the more significant the peak or trough and theoretically the stronger the move into and out of it.  

The US Ten Year is in a major cycle trough zone and potentially supported - pointing to inflation clearly not being "tamed", a rate hardening cycle and a rally in the Dollar.

Longer term view for context, but we will be adding US 10-year yield to the weekly macro outlook going forward and focus on the tactical realities of price action as they unfold.

Christopher Grafton CMT

Chris has been involved in the markets for 20 years. He is the author of Mastering Hurst Cycle Analysis and is an experienced working technician. Chris holds the CMT qualification.