Martin Armstrong's Socrates signaling major trend change to downside within TLT which confirms techs.
- First major area of support seems to be around 115-120. We'll likely breakout and retest that level, then head back up to test bottom of before headin down to the 100~ area where we formed our major 2014 low.
- Best guess is we bounce off of the 100~ area heading back up to the monthly 50/60 and 115-120ish level to form a right shoulder.
- If/when we get that right shoulder we'll then break down to all time lows. If this occurs it is going to be due to massive instability within US Government. Probability of gov default will rise DRAMATICALLY and could likely occur.