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The above 4-pack looks at the long end of yields (20 & 30 Years), mid-range (7-10) and the TIPS ETF. Longer-term yields look to have held at support and are attempting to move higher above resistance. Prices on IEF and TIP are pushing on support very hard right now.
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The quiz answer above (TLT inverted) reflected that the “Power of the Pattern” was suggesting rates should move higher on support. (See quiz post here) Support has held since the time of the quiz. Now is the big test to see if rates will push any higher as resistance is attempting to give way.
Hi Chris,
Just eyeballing the DOW chart and it almost looks like it has gone parabolic over the last 30 days…not sure what this means??? RSI(14) close to 80…Any thoughts?
Ty
What do you see with $TNX,same scenario as TBF? Thank you for your time……John