Coincident with the chart of the S&P 14 week cycle (see the next post below), the following chart displays an important resistance level being approached right now by the yields on US 30 Yr Treasury Bonds. This leads me to suspect that the top we're approaching in equities is likely going to be a significant one. The correlation is that when investors get concerned about equities, they flock back into treasuries...forcing the yields back down.

