TNX.X – Ten-Year Note Rate (Last:2.82%)

This chart restores the original 3.24% target for yields on the 30-Year Bond. It was rickismed down to 3.22% for a short while due to the usual misdrawn coordinate. Notice that last week’s peak came in a crucial spot, a zillionth of an inch below the pattern’s secondary resistance at 2.85%.  I doubt we’ll see much of a stall here, meaning 3.24% is coming soon, Given the clarity of the pattern, however, a top of at least intermediate degree seems extremely likely, so look for a leveling off or reversal in the ensuing weeks. If, heaven help us, rates simply blow past D, that would have enormously significant implications for a global asset boom that was going to end sooner or later anyway.