10 year US note turned nicely to the downside this week, clearly in five waves, so higher yields may send US stocks even higher, but new leg of a rise on stocks may occur after an a-b-c correction is completed. For now, looks like a-b-c is at the beginning of a pullback, so in the mean time, stocks may get some pullback towards Sundays gap, like presented on DJIA. If that’s the case then wave E on AUDJPY is still probable.
10 Year US Notes, 1h
DJIA, 4h
AUDJPY, 4h
