Here the latest chart from Chris Kimble, a 30-year+ market technician and student of Sir John Templeton. Today Chris takes a look at the 10 Year Treasury Note Index (^TNX). He comments:

Last week I discussed the Fibonacci 61.8% retracement levels and that investors should consider harvesting to take advantage of the gains during the past year.

I'm now looking at the yield on the 10-year note. Did it peak about the same time? A 16-year falling channel seems to still have influence. Did resistance turn yields down yet AGAIN?

Here are links to Chris's Fibonacci retracement submissions from Thursday and Friday of last week.