I published this same chart last year before we started the decline in the TLT
. With the recent failure of the bullish bat
I believe this is the sturtuce to be looked at. I believed interest rates would spike. I think the story going forward for 2014 will be rising rates. With all the large Indexes nearing their Price Reversal Points, I think this plays well with that. I believe we will probably get some bullish
euphoria in the upcoming two weeks. I will be shorting any rally though. You have to wonder if something bigger is unfolding though. Is a prolonged bear market in bonds and equities on the rise?