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.


The TBT is on my “best ideas” list on

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