The market is coming to terms with the increasing possibility of interest rates moving higher sooner, rather than later. The weekly chart of the iShares Barclays 20+ Treasury Bond Fund (TLT) shows the recent formation of a series of wide-range dark candles, that broke a six month uptrend line and returned it to its 2012 high. The ProShares Ultra-Short 20+ Treasury (TBT) fund, in inverse correlation to the TLT, is breaking above a one year downtrend line. This bottoming process in the TBT can be seen as a cup and handle pattern, with today’s gap higher breaking above the $45.50 rim line. There has been strong positive money flow over the last month, reflecting accumulation.