Image Source: PixabayPlunging interest rates (and Yellen’s little scheme from mid-March) have been the gasoline powering this rally. It is therefore important to watch for any kind of inflection point. The TBT (ultra-short fund based on bonds) is getting close to a crucial price gap, which in my estimation could be such a pivot point.
Conversely, TLT itself is approaching a major price gap (that horizontal magenta line) which could be a key barrier to further price strength.
If months from now, we look back upon this and see a hard reversal away from this right triangle pattern, I believe that will go hand-in-hand with a resumption in equity weakness.More By This Author:The Multi-Billion Dollar Bet On AI: A Fascinating Look Into The Future Of Transformative Technology Seeking The Peak A Nation Of Debtors
