First, let's start with the really long view. Long-term interest rates have been dropping for about 20 years. But, they can't get much lower. In addition, the US is issuing a lot of debt right now, indicating there is a lot more supply coming onto the market. At some point rates will probably have to increase.
Secondly, remember we're in the final leg of a head and shoulders formation. The main question is will prices move lower after they break the neckline?
Arguably prices are consolidating right now. But, I'm not sure which top line I like -- A or B. A only connects two extreme points while B works but only sort-of.
