REM: Partial Rise within an Ascending Broadening WedgeAs the Fed Funds Rate rises and the rise in Consumer Credit Balances come to a halt, I think it will lead to Deflationary Pressure. This pressure would likely send Short Term Bond Yields lower starting with the ultra short ones like the 1 year and below, when this happens I think we could then see this be reflected within the Mortgage Back Securities (MBS) and if that's the case, this ETF will likely fall because it mostly holds a lot of very Short Term MBSs with maturities ranging between 0 and 5 Years, and as the rate of the MBSs fall so will the Demand for them which would likely lead to lower prices.
Due to what I explained above I think that this Harmonic ABCD BAMM break down will likely happen and send REM down to the 1.13 Fibonacci Extension.
