us bonds daily chart - us bonds daily chart look horrible

us bonds daily chart look horrible

If we take a look at the us bonds daily chart it looks horrible at the moment.

Right now it looks to me that this chart has a bearish flag that has now been broken, which as  you know the us bonds daily chart is the inverse to the S&P 500 so that means this is bearish for bonds, and bullish for stocks and equities at the moment.

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bear flag - bear flag on bonds

bear flag - bear flag on bonds

It looks like bonds is showing its true color here. As you can see there is a bearish flag forming on bonds. Once the 147 level is broken, there is real trouble coming, and that will of course cause a rally in the S&P 500 and we should see some sort of rally, as we have been saying.

Bears are probably not going to like what they see in the next few weeks. The reason is the the momentum was up in DECEMBER, and we saw a holiday reversal to the downside. We are now starting to come back into the time period where holiday re-reversals start to occur, which means back to the original trend, which is UP!

A nice bear flag on bonds here at the moment, and we are getting plenty of warning the S&P 500 bulls are not too far away.

bear flag - bond bear flag

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