What’s wrong with the housing market?
Indications exist that important tops in price and bottom in rates have been established
The decline today in T-Bond and T-Note futures contracts violated significant support lines. Accordingly, the rally in rates violated important resistance lines. The evidence is in that an intermediate term decline in prices and increase in rates are upon us.
T-Bond and T-Notes yields should now head to the October lows, prices to the November highs.
The following charts are given as evidence:
The decline today in T-Bond and T-Note futures contracts violated significant support lines. Accordingly, the rally in rates violated important resistance lines. The evidence is in that an intermediate term decline in prices and increase in rates are upon us.
T-Bond and T-Notes yields should now head to the October lows, prices to the November highs.
The following charts are given as evidence:
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