Corporate Bonds look like an explosion prone to happen...

Look at..

1. The monster Wedge formation
2. 80level in the wekly RSI
3. steep rising trendline in the RSI
4. potential neg Div. in the MACD
5. the absolute level of the MACD
6. falling Volume
7. relative Weakness

How could this play out...

a) it simply falls from here in the next 0-2 weeks

b) we fill have to wait for a neg. Div in the RSI which means a shallow correction followed by a final push up.

Corp Bonds have been an Asset Class to hide, so what will happen if that doesn't work anymore. Where could they go from here...GOLD, Treasuries....anything can happen here in the AUG-NOV timeframe.