Dotted red = warning signs or blow off tops. Red lines = Confirmation sell signals(trend breached to the downside).
There is a light grey channel. And a black dotted support/resistance line.
Orange horizontal lines are major support resistance levels over time.
I have overlayed the DJIA on the 30 Year Bond Chart. Bonds action is inverse to market movements.
Recent Action:
Since September 2011 Bonds have been stuck in a range (as shown by the blackish support and resistance). When Bonds hit upper resistance, market buy entry signal. When it hits support Market Sell Signal.
Moving Averages are converging. Price is settling as we speak (bonds). See which way it wants to go from here.
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