USD interest rate growth could be limited by previous top.
At the end of last September I called for the drop in the 10-year US T-notes with quite aggressive target (see related idea).
In this and the next update I came to the thought that the drop could be over earlier as rates are reaching important resistance level.
Despite the aggressive tone on the rate rise in US, I think the upside is limited based on this chart.
Wave 5 of (C) already has reached the target zone and approaches the former top at the 3.04% where the wave 5 = 0.786 of waves 1-3.
It is quite possible that when we would reach that area above 3 pct something in the economy could cry out - stop it!
Let's see!
In this and the next update I came to the thought that the drop could be over earlier as rates are reaching important resistance level.
Despite the aggressive tone on the rate rise in US, I think the upside is limited based on this chart.
Wave 5 of (C) already has reached the target zone and approaches the former top at the 3.04% where the wave 5 = 0.786 of waves 1-3.
It is quite possible that when we would reach that area above 3 pct something in the economy could cry out - stop it!
Let's see!
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