Thoughts on 30YR T-Bond Yields ($TYX)?
This looks like it could be in the early stages of becoming VERY bullish, and stay bullish for the next 10 years. I just spent the last hour looking at the monthly and weekly configurations and they look like strong potential bullish configurations.
Anyone else have any thoughts?
(I recently purchased a small Profunds 1.25X position, symbol RRPIX, that coorelates with this index.)
Jan 4 - We have transitioned into a bear market. Completely different rules apply.
May 23 - IMO, any price at/above this close makes a great Nasdaq/SP500 short.