Take $TLT chart and flip it over. This is how KRE chart should look like...
Upper line of Andrews pitchfork tagged and trend line broken.
Gaps on VXX looks like ready to be filled
Expecting run towards 124, Japan contracts 6.3% in 4Q19 without even coronavirus onboard.
$TLT in the last phase of a cycle should return the biggest return in the longer term in this phase of a cycle. I think the US cycle peaked in 4Q18 that's the bottom in $TLT, it'll be moving up until spreads 10Y3M will "reinvert" on the top with strong steepening process so > 350bps. So far 10Y3M is -10bps. Still very deflationary bust ahead.