US02Y is on a breaking point. Great news for stocks!

The U.S. Government Bonds 2 YR Yield (US02Y) is testing its 1W MA50 (blue trend-line) for the first time since May 31 2021. The 1W RSI is on the very same Lower Highs trend-line rejection that it was during the December 17 2018 1W MA50 test!

Needless to say this shows that the price is on a critical point as when it broke in Dec 2018, a downtrend followed that was at the bottom of the U.S. – China trade war and sent stocks (black trend-line = S&P500) on a 1 year mega-rally (until the COVID crash).

Will we have a repeat

Tradingview link:

https://www.tradingview.com/chart/US02Y/kEYldxuQ-US02Y-is-on-a-breaking-point-Great-news-for-stocks