MANOR MARKETS

/NQ -- Id like to see what happens at this general price area. This could be a signal for a larger correction. Tomorrow is large OpEx event so be aware of added volatility.

Opening up a signal channel to go alongside all of this analysis.

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https://t.me/+8VqBPzrkr240MTUx

Note: if the 10yr continues to rise alongside the USD... that will NOT be good for equities.

US10Y & DXY (inverted) — it appears DXY is calling the shots for equities today. The initial bounce in /NQ @ 20130 was supported by the 10-year reversal but ultimately failed due to further rises in the dollar. Keep an eye on the dollar.

/NQ — just like that, buyers failed to capture the 20,200 area & price sank

i want to note that the yellow paths drawn on the charts are not meant to be followed blindly. they're hypotheticals for general market structure/movement — we need to use our entry models to setup the trades themselves.

/NQ — Now that price has broken down through the immediate support we have 2 scenarios.

1. The market gains traction at the VAL with a sweep of June 18 lows & begins to gain further support back above the Point of Control.

2. Risk assets have shifted to more of a bearish stance & we begin to see overhead resistance as price attempts to gain traction.

US10Y — never got the new low but there was that sharp move higher in early NY trading… look how equities are reacting to this.

My initial thoughts were the new low would boost price higher once more (what we saw in Asia session) before rolling over when the 10yr pivoted. Guess we got somewhere in the middle.

If we see a failure of continuation, the next step is to look for signs of weakness below 20,200 which prompts the potential of seeing the 19962 area.

/NQ — keeping an eye on price as it enters this previous value area. (20,200 area) If buyers are still in charge we will want to see a setup around here.

Forgive me, theres a lot to unpack here.. But the main focus is the fact that ALL risk assets aside from /ES & /NQ have shifted sideways/lower. Why is that?

/BTC — Bigger picture here... When debt issuance grows, the 10yr yield tends to rise (DXY alongside). Therefore, what do you think happens to BTC if we are heading into a period of tailwinds for DXY & US10Y?

Sideways to lower!

Keep an eye on these overhead price points if/when we see the price heading to the upside again as a confirmation for this.

The point of the macro outlook is not to blindly buy/sell the markets based on the schematics; rather a great way to truly understand how the markets work to build a bias catering to YOUR strategy. Knowing when/where the opposing markets are likely to consolidate or expand could provide you with better insight into your asset of choice!

$USD — The 10-year yield & the USD are typically positively correlated. This is due to the nature of the banking sector & the monetization of treasury debt. We can only assume that if the 10yr is set for further declines, so should the USD. The first area of interest is directly below.

US10Y — there is objective reason to believe that we are looking for an inflection point for a sustained move higher in the fixed income markets. (Remember, cross asset correlations) If the yield is NEGATIVELY correlated with risk assets we wont want to overstay our long positions once the 10yr yield pivots. Looking at the current chart setup we will likely see another probe of the current lows (who knows how far). This will allow the risk assets to generate another leg higher. In the event that we do see a pivot higher in the yield that should stall further rallying in the indices.

Its common knowledge amongst the professionals that cross asset correlation plays a big role in asset pricing -specifically risk assets. DXY & US10Y are inverted alongside /NQ. Eventually I will touch on why these relationships play out but for now lets just take a look at some of the other markets.

/ES — providing the buyers are still present & eager to drive value higher we look for support once we drop back into the previous value area. I will notify the chat when/if this changes.

/NQ — Currently /ES & /NQ are the only major indices experiencing the euphoria of new highs. The laggard counterparts (/YM & /RTY) are far from their highs. This is the result of a few big names heavily weighted in the S&P & Nasdaq. So what's next? Currently, we don't want to fight the trend. Therefore we continue to bid AT or BELOW the 20,200 handle — its wise to be cautious but we still want to follow the flows.

Hi everyone — We are happy to announce that this channel will be used to provide professional-grade market analysis. We will cover multiple markets to ensure the greatest number of opportunities to generate margin.

If you have any questions, feel free to ask! @manortrades