CLICK ON CHART TO ENLARGE
Yes it is a busy chart, sorry! Notice that investors can use the 15-year falling yield channel to make buy and sell stock decisions, by selling stocks when yields are at the top of the channel and buying stocks when yields are at the bottom of the channel.
If history is any guide, are you surprised to see the markets acting soft over the past 3 weeks since yields hit the top of the channel at (2)? Is the break of support at (3) bullish for stocks when you consider where yields are? When you look at the Big Picture is this decline really about Japan???