Treasury Yields Testing Another Important Support Level
- After breaking below the “neckline” of a “head & shoulders” pattern and a multi-month trend-line, long term bond yields are now testing another important support level. If (repeat, IF) it can break meaningful below that level, it’s going to be even more bullish for bonds…and it should help stocks over the near-term as well. (It may not be so bullish longer-term however.)
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