Barclay's 20Y+ Bond fund - Should be very close to an important top. The question is whether we will find the top around the 131.83 - 131.93 area or we will see a slightly higher high towards the 132.36 - 132.42 area. No matter which is right we are almost there and should expect a major decline towards at least 123.18 and likely even down to 109.84 very soon.
Short term a break below 130.28 will be the first real warning that a long term top is in place.
If you are holding bonds you should seriously consider getting out around here or at least lift your stop to just below support at 130.28 - say 130.20.
As you can see on the three charts above the wave relationship on all three time frames is pretty nice and should add confidence in the count.
Stay tuned for a major top very soon!!!
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