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Large Head & Shoulders Top forming on iShares Barlclays 7-10 Year Treasury Bond Fund (IEF)

|Includes: iShares 7-10 Year Treasury Bond ETF (IEF)

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)Head & Shoulders Top on IEF Bond ETF



Disclosure: no current positions