we have held up well in the face of rising rates.....I think this is just a case of "where" is the breaking point if/when rates continue to move higher. Any drop on rates now...which maybe only a wave 2....could send ES on a northward ride quite briskly....but temporarily
Chart that I posted on the weekend...we have obviously broken the wedge...a pull back may come about here in wave 2....That's a topping 5 of E.
Click Here to see Full Sized Image
http://stockcharts.com/c-sc/sc?s=$TNX&p=D&yr=5&mn=0&dy=0&i=p34355783598&a=37616847&r=6546.png
