If you go long you're going to get smoked. Divergences mean we have past maximm point of momentum. That breakout gap will take a lot to fill. I agree quickest decline behind but I sayit goes down a bit more then bounces up...probably 38% retracement of last leg then one more ugly leg lower. Figure end of summer for all this.
This thing is going 100$ meaning 10 year rates settle at about 3.5%.