Gomer pointed out that the long-term bond yield looked to be be making a “Bullish inverse Head & Shoulders” at a double bottom, 100 days ago, in the chart below. (see post here)
The Power of the Pattern was reflecting these bullish situations below….Double bottom, inverse head & shoulders and an ascending triangle. Each one was pointing to higher rates!
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Anyone take at peak at what is happening in rates since the above posting?
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Gomer pointed out the bullish pattern 100 days ago in the 30-year yield, the above chart reflects higher yields and breakouts in the yield complex.
Can Ben and the Fed stop these breakouts??? So far no luck!
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