30 YEAR TBONDS

30 YEAR US TBOND YIELD TO RISE

Short term signals can take our focus off the bigger trend but it is worth pointing out that the 30 year US TBOND yield's short term OB/OS indicator which has a range of 0-100 was falling and got down to 31.8 three days ago and now it has swung around and is rising at 48.0 ...this is unusual behaviour stopping before reaching the bottom. In addition, the InvesTRAC forecaster is showing a rising trend into tops due June 9 and 16. So what's the chart telling us?