H&S Pattern Confirmed - Almost Oversold

Looking at a few possible bottoms, the news cycle has been vicious for bonds, this is the sort of news you see at a possible bottom. Full on capitulation to get those bottom barrel discounts. RSI just entered oversold, but barely, going to start looking at taking a position, but not yet. It is attractive, but not free money yet. Likely want to take a position in the futures market instead of TLT calls and will start with 30 yr analysis.

Comment:

closed $TLT calls, closed 30yr longs for about 30 ticks, scalped other small moves on way up. neutral position but holding small amount of tlt puts.