US 10 Year Treasury notes

US 10 year notes have topped at the upper Bollinger band in a triangle formation. Mostly wave ii is complete. Wave iii down should start. In other words short term yields will rise. Mostly this is wave 3 down long term. In a rare case wave 2 is still not over and we continue to consolidate before the next major decline. Reason to stay alert for wagve 3 down though is that we bounced to the wave 4 area of the previous decline and the minimum objective for a bounce is complete.. In any case in the short term bonds should fall. So higher interest rates are coming, as if you did not know that, but the trend is about to resume again. 

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