Rates fall below 3.100 and below all the supports. Currently continuing the downsloping trendline. The plunge found support at 3.076 and 3.06. We may expect a bounce up to 3.085 and then if the trend is broken, it will signal short term bullishness for stocks. Otherwise, it will be bearish for stocks and equities may enter a bear market.
Also have to be careful at this point about the comments from FOMC members, who may be more dovish. It would however mean the dependence of Trump's presidency and I doubt that. I expect they won't comment no more on stock's moves than just "a healthy correction" leaving the job to Plunge Protection Team which may not provide enough help.
Also have to be careful at this point about the comments from FOMC members, who may be more dovish. It would however mean the dependence of Trump's presidency and I doubt that. I expect they won't comment no more on stock's moves than just "a healthy correction" leaving the job to Plunge Protection Team which may not provide enough help.