Chris Kimble starts off the day with a look at bond yields.
He comments: From short term notes to the 30-year long bond and everything in between, yields have declined over the past 6 weeks.
Now all of them are sitting on key support. The only time in the past few years they broke support was during the Financial Crisis of 2008.
With that in mind, I suspect that the only reason yields would break support is if equities break down from the potential "right shoulder" that has been created in many stock indexes.