A large Head & Shoulders Top has been forming on iShares Barlclays 7-10 Year Treasury Bond Fund (NYSEARCA:IEF). This pattern has been forming since March 2008 and is now getting very close to confirming and breaking to the downside.
Measuring objective of the pattern gives a minimum target of 74.57 or (100.31 high - 86.59 neckline low = 13.72, neckline support is at 88.29, 88.29 - 13.72 = 74.57). (for more see www.etf-bond.com)
Disclosure: no current positions