After the breakout of the triangle, the asset found resistance at a huge resistance area and got rejected from here.
The 10-year yield is just stuck above the support line and below resistance.
The move is expected to be powerful.
I am very bullish on yield because even Powel was yesterday very dowish, yields didn't drop as most would expected and it seems like today it will recover and start to move up. DXY is in huge green which could help.
If and when resistance is broken we will see an epic move in yields and a drop in SPY, but only IF a break occurs.