The bullish pattern shown in the chart, gem-like in quality, was discovered during a recent impromptu webinar.  Although the debate concerning the direction of Treasury yields has gotten quite intense, this chart will allow us to remain confidently above the fray; for it yields an unmistakable, long-term target at 123^21 that says the bull run from February’s abysmal lows is near an end.  Someone mentioned that Sinclair was already short the Bonds, and although this would be just a tad premature relative to my target, it is not unwarranted — especially given the possibility that the rally will end without having achieved the target.  If this were to occur now, by way of a dip beneath the 121^17 low recorded on May 6, it could signal the possible start of a bear market.  Shorts from 123^21 are suggested with a stop-loss of at least five ticks, but you can widen it to suit your style. ______ UPDATE (May 19): The futures have gotten as high as 123^05 — close enough to the target that we should be alert to the possibility that a potentially world-shaking top is in.