US Long Bonds

Awhile ago I characterize trading in the bond market as the battle of the decade. Right now the battle to preserve the neckline is intense. I have written several evolving commentaries on bonds, money flows, and the nature of this battle. The most notable immovable object meets unstoppable force.

Couple of technical observations today:

(1) The trading range since 2010 looks to be tightening.
(2) Heavy volume, churn, within the consolidation.
(3) Today's down stick hit the 2/18 support with a 50% increase in volume (force). This is an impressive show of strength that will wear away at any support.

All of this looks like "cause” for the next move. The next move will likely materialize when time is right. These warning signs will become obvious at some point.

US Long Bonds ETF (TLT)