10Y Yield: Massive Symmetrical Pennant Eyeing a Daily RolloverUnited States 10 Year Government Bonds YieldTVC:US10YROW_PartnersLooking at the macro picture on the weekly frame, the 10 Year U.S. Government Bond Yield is carving out a massive, multi year Symmetrical Pennant, Bull Pennant. Given the wide apex of this structure, a definitive macro breakout likely won't trigger until late this year or heading into next year. However, the tactical view on the daily chart suggests short term weakness is taking over. Price has broken below the short term EMAs, the RSI has rolled over to 50, and the TTM Squeeze indicator has flipped negative with accelerating red momentum bars. Expect the 10Y to continue weakening in the near term to retest the bottom portion of its macro wedge. If this daily breakdown plays out, expect it to act as a POSSIBLE significant relief valve and fuel a strong tailwind for equities.