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Looks like the “Power of the Pattern” is influencing IEF (Govt. bond ETF). Suggested to buy the inverse bond ETF (TBF) in this chart (see post here) since yields were testing a 17-year support line, along with a bullish falling wedge. The prior chart reflects yields on bonds, this chart reflects prices, which looks to be breaking down after hitting several resistance points at (1). Keep a 3% trailing stop in place!
P.S. if any of you are reading this blog and driving….that is dangerous too!