Reverse Head and Shoulders Breakout in 30 Year Bond Yield
Updated
Very clear reverse head and shoulders, a very strong chart pattern indicator for long term tops and bottoms, target is 3.6% yield on the 30 year bond. A retest of the neckline will confirm a very strong possibility of the target being reached.
On the macro side, I think yields will be forced lower over the next 1-5 years.
I'm looking to go all in on leveraged bonds if and when the the 3.6% yield is reached, or if CPI starts showing significant weakening.
On the macro side, I think yields will be forced lower over the next 1-5 years.
I'm looking to go all in on leveraged bonds if and when the the 3.6% yield is reached, or if CPI starts showing significant weakening.
Note
Well that played out as I predicted so far, much faster than I thought it would, but just the same, I'm waiting for 3.6%.Note
Well that turned out to be completely true... Holy moly I wish I positioned to take advantage of my conviction!!!!! *smacks forehead*
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