the_sunship

Yields back to their highs - and probably higher

Long
the_sunship Updated   
TVC:TYX   CBOE 30 YR TREASURY BOND YIELD
Breakup today looks impulsive. If they get over 4, a strong resistance will be broken. Target for triangle is approximately 4.5
Comment:
yields look ready to break up and out of consolidation.
Comment:
onward and upward
Comment:
Yields now close to doubletop with steep weekly bear divergence. Probably will keep going up for a few more weeks, but time is running out here before a move down again.
Comment:
Yields at resistance here again now that the gap is filled. It's possible they are forming a large triangle.
Comment:
Yeilds broke up and now are at heavy resistance with weekly and monthly bear divergences. Possible bottoming area for bonds.

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