The 10-year bond has reversed.  Rates are moving higher.

If the chart pattern (below) is in effect, if price action moves according to the breakout forecast, real estate … along with lumber prices, as well as the entire economy could experience a series of dramatic ‘air pockets’ all-the-way-down.

Of course, all of this is because of a little ‘speck’ floating around in the air.

Rates are at the wedge trend-line and instead of a breakout upward (as expected), could reverse back lower.  Anything can happen.  The next week is likely to be very interesting.

Charts by StockCharts

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