Shared the chart below yesterday, reflecting how the yield on the 5-year note had created several bullish falling wedges over the past 3 years(see post here)

 CLICK ON CHART TO ENLARGE

The chart below reflects that the yield on the 5-year note had declined over 35% in the past 90-days, much more than the yield on the 30-year bond.

CLICK ON CHART TO ENLARGE

The yield on the 5-year note is pressing on short-term resistance this morning

Yesterday I mentioned that TBX or TBZ should do well on an upside breakout in yields on the 5-year note.  If yields can break resistance at (2), TBX and TBZ should do really well!

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past