The 30 year Treasury bond yield (Continuum) is 100% on the NFTRH plan
The plan was set in motion when first the the 30 year Treasury yield (TYX) took out the ‘limiters’ (what I called the monthly EMA 100 & 120) and turned them to support. Then after the yield took out the next target at 3.45% we were on a hysterical spike to the next, and for this phase, ultimate upside target of 4% (+/-).
Of course there was wiggle room to go above 4%, which the market did. Then in order to keep current (disinflationary to potential and eventual deflationary) plans on track we wanted to see an in-month reversal in October or November. From a high of 4.4% to today’s 3.86% a reversal has gained the upper hand.
You have no idea how badly I want to see the inflationist ‘influencer’ heroes and chart readers who pretend macro funda is not needed (on Twitter and elsewhere) punished. But then again, my grade school report cards probably said I did not work and play well with others.
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