Linda Raschke Blog

Bonds - rare technical condition on the higher time frames......one of the lowest ADX readings on the daily charts in years.   Low ADX readings highlight extended coils and the moves out of these coils  lead to prolonged trend moves.

I had a dream that these bonds fell out of the recent  multi day support, and fell like a rock.  My dreams have been coming true lately.  So much for technicals, eh?   Seriously, sometimes it is our subconscious telling us something powerful.  

30 year yields can have test back up to the 2007  highs at a minimum.  

Major trend reversal in the makings for yields across the curve.........

Stay short core position in the  bonds and continue to scalp from the short side as well.