30 Year Bond Chart here (Monthly). After putting in the YTD lows in March of 135'05 the bonds have been in a vertical phase development to the upside creating a YTD high of 153'11. We know as auction market traders that the markets move from vertical to balance (creates a consensus) then moves vertically after reaching its consensus. The 30 year has been in a balance type state since June. The important thing to note here is the diamond setup and the monthly inside bar that's attempting to breakout. I'm expecting this move to continue to the upside. In result putting pressure on the S&P.
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