Treasury Yield Forms Massive Potential Base Pattern

The recent surge in the 10 year yield has reconfirmed the uptrend that began off the February low. The top of an 8 month wide reverse head and shoulders pattern that could be the base for a big move higher is at 2.40.

Meanwhile the US dollar continues to consolidate.

This report covers the outlook for Treasuries and the Dollar.

Fed Money and Liquidity Pro subscribers (Professional Edition), click here to download complete report in pdf format.

Lee Adler

I’ve been publishing The Wall Street Examiner and its predecessor since October 2000. I also provide analysis and charts for David Stockman's Contra Corner which I developed for Mr. Stockman. I’ve had a wide variety of finance related jobs in the past 44 years, including a stint on Wall Street in both analytical and sales capacities. Prior to starting the Wall Street Examiner I worked as a commercial real estate appraiser in Florida for 15 years. I also worked in the residential mortgage and real estate businesses in parts of the 1970s and 80s. I have been charting stocks and markets and doing analytical work since I was a teenager. My perspective is not of the Ivory Tower. It is from having my boots on the ground and in the trenches of the industries that I analyze and write about today. 

Leave a Reply