Inverse Head and Shoulders Bottom on the 10 Year Yield Chart

By | June 6, 2015

It looks like an inverse head and shoulders pattern formed on the 10 Year Treasury Note Yield weekly chart. This is a fairly reliable bottoming formation. If nothing else, the second in a series of higher lows was made this week and the long term downtrend line drawn off the 2014 highs was broken. Bonds have been volatile and there could be a reflexive reaction next week, but it certainly it looks like an intermediate term bottom has been made in yield.

66605.10YIELDweeklychart

The TBT is on my “best ideas” list on RealMoneyPro.com

Leave a Reply