10 Year Note Yield - 2%+ Ahead

PCE Data Friday rose to a 30 Year High for August 2021.

Record levels at a year over year scale - with the FED
remarking "Inflation remains frustratingly high".

The Prior peak in 10 Year Note Yields provided the bottom
for the ES (SPY, SPX, S&P500) @ 1.765.

Yields have formed a Bull Flag in which Price should begin
to Chop and complete for the Breakout of the pattern.

Price objectives above are the prior highs @ 1.765 followed
by an extension to 2.12 - 2.25%.

This level should provide the lows for the Indices, they may
well reach their Objective lows on the Break of 2% with the
final push lower between 200 & 400SMAs.

Patience will provide entry for the Final Long - 5/5 on the
larger Daily TF.

Bonds are simply pricing in - "Inflation" as we indicated would
arrive in September/October.

US Debt is seeing a broadening of concerns among Market Participants
while Inflation begins to wreak havoc on Consumers.

Supply shortages will continue for the foreseeable future, ultimately
the shortages will create a large waterfall decline in 2022 of 50-70%
as a complete loss of confidence in Arrangements concludes.

Wall Street will seek entry for the next SELL as the 10Yr Note Yield
pullback and ranges within the Bull Flag for Yields.

* The Equity Markets remain a "Funding Mechanism" until they are not.

5/5 will be a large move for 2022 off the approaching Lows.