If Tuesday's break above resistance is real you’ll need to have your thinking caps on in the coming weeks. It’s about to get really noisy out there. If the move is real, perceptions are going to firm and the 10-year and 30-year yields are going to go for their big picture limiters.
U.S. 10-Year daily… pattern target 2.8%.
U.S. 10-Year monthly… limitation at 2.9%.
U.S. 30-Year daily… pattern target 3.2%.
U.S. 30-Year monthly… limitation at 3.2% to 3.4%.
So is Tuesday's break above the daily pattern resistance real?
I am about as geeked up as I’ve ever been.