They’re Calling The Shots

Just like that, bonds reverse; rates higher (not advice, not a recommendation).

Now, it gets interesting.

The mainstream’s already covering; within hours (if not minutes) of the Fed’s move, saying if the economy ‘improves’ rates will have to move back higher; you can’t make this stuff up.

Rates are already ratcheting higher (chart below).

Long Bonds TLT, Daily Close

The pattern is clear; terminating wedge (not advice not a recommendation).

Pre-market action (as of 8:42 a.m., EST) has TLT, trading down (rates higher) – 0.84 pts or – 0.88%, giving further weight to potential (continued) downside reversal.

Fed Calendar

Looking at the Fed calendar, link here, it’s a very interesting date; ‘the day after’ November 5th.

Let’s see if the ‘rate cut’ is immediately reversed (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

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The Danger Point®, trade mark: No. 6,505,279