On November 2, 2023 the following charts were included with a comparison between 2018 and 2023 10-Yr note rates when the Dow was expected to move up to 35,078 +/- 1%. Since November 2, 2023 the Dow has moved up in a chart structure similar to what was developed between November 2, 2018 and November 9, 2018. On November 15, 2023 the Dow hit a high of 35,051.10. This move indicates 10-Yr rates could start to move lower sooner than expected while stock markets decline.
Stock charts courtesy of StockCharts.com.
