What is a Descending Triangle?

A descending triangle is a bearish chart pattern used in technical analysis that is created by drawing one trend line that connects a series of lower highs and a second horizontal trend line that connects a series of lows. Oftentimes, traders watch for a move below the lower support trend line because it suggests that the downward momentum is building and a breakdown is imminent. Once the breakdown occurs, traders enter into short positions and aggressively help push the price of the asset even lower.

 

NYSE

This shows the same set up in the NYSE a far broader selection of stocks

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Two descending Triangles, danger ahead.

Bond Prices

Amazingly Jerome Powell FED Chair calmly announced interest rates would stay low for the next few years as  though he could all by himself and the FED board order markets what to do, As Al Borland would say, Tim I don't think so!

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Bond prices peaked months ago.  As Jim Rodgers says, the FED is a player not the player. The market will determine rates. Emerging market bonds are already falling in prices. Danger ahead. I never imagined the bond rally beginning in  1982 would last this long but it has. Once rates begin to climb, this is a market that does not look back. With Federal debt already equal GDP, if Dems win, debt skyrockets and that will happen amid rising rates, rates cannot fall any more.