Gomer pointed out that the long-term bond yield looked to be be making a “Bullish inverse Head & Shoulders” at a double bottom, 100 days ago, in the chart below. (see post here)
The Power of the Pattern was reflecting these bullish situations below….Double bottom, inverse head & shoulders and an ascending triangle. Each one was pointing to higher rates!
CLICK ON CHART TO ENLARGE
Anyone take at peak at what is happening in rates since the above posting?
CLICK ON CHART TO ENLARGE
Gomer pointed out the bullish pattern 100 days ago in the 30-year yield, the above chart reflects higher yields and breakouts in the yield complex.
Can Ben and the Fed stop these breakouts??? So far no luck!
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