Below is the Daily Trend Model for the 30-yr Treasury Yield. Two two salient points are five waves down and a recent
Trend Buy Signal:30-yr Treasury Yield Daily Trend Model
Below is the TBT Daily Trend Model. The key point here is how closely the TBT tracks treasury yield:
TBT Daily Trend Model
Reaching the previous 4th wave high would be a move of about 10%. But the EW analysis on the yield chart is suggesting much higher interest rates and by implication, a more significant move up for TBT.
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