Dow and S+P -Ascending Triple Top Breakout

Ascending Triple Top Breakout

An Ascending Triple Top Breakout is basically back-to-back Double Top Breakouts. These breakouts form three X-Columns that ascend with each breakout. Because there are three X-Columns and two O-Columns, the pattern is just as wide as a classic Triple Top Breakout. The ability to forge back-to-back higher highs shows underlying strength that is indicative of an uptrend. As with the other patterns, this Ascending Triple Top Breakout can form as a continuation or reversal pattern.

 See the sample below:

Central Bank Annoucement Rallies Markets

U.S. bond yields fell further after the U.S. central bank signaled a more cautious outlook for U.S. economic growth and slashed its projected interest rate path, in a sign that it remains concerned about the health of the recovery.

Benchmark U.S. 10-year note yields fell to 1.916 percent, from a yield of 2.05 percent before the Fed's announcement. 

U.S. five-year and seven-year note yields hit nearly three week lows of 1.477 percent and 1.797 percent, respectively, following the decision, while 30-year bond yields fell to 2.57 percent, from a yield of 2.61 percent earlier.

On the short end of the yield curve, three-year note yields fell 0.934 percent, its lowest since early February, after the start of Fed Chair Janet Yellen's press conference in the wake of the release.

http://www.cnbc.com/id/102514760#.