I published a chart sometime last week on the 10 year yield, and made the point that we need the yield to go up for the market to continue it's rally. the same goes for the 30 year yield, they are currently at 3.13 % and overall direction seems to be down. IF the support on the wedge is broke, we could see 30 year yield @ 2.12 %. Just a reminder that yield hit 2.50% in 2008 . this could be very bad news for market. But hey , this is not guaranteed. let's hope the yield move a higher .