It is time for the long bond to reverse because if it doesn't, we are down a rabbit hole with respect to what has been for the last oh… several decades.  The backbone of what has been would be broken and so would the Continuum we so often review on the yield’s big picture.

I don’t want to go on like a raving lunatic about the implications of a secular breakdown in bonds because I am not sure what they would be.  Sure, Wall Street is selling the Great Rotation™, and I think stocks might indeed go higher for a while.  But at some point rising interest rates would be likely to effect the economy and provide investment competition for over valued stocks.

So is USB going to reverse as it did at the two previous yellow shaded breakdowns or is this it?