A large Head & Shoulders Top has been forming on iShares Barlclays 7-10 Year Treasury Bond Fund (IEF). This pattern has been forming since March 2008 and is now getting very close to confirming and breaking to the downside.

Measuring objective of the pattern gives a minimum target of  74.57 or (100.31 high – 86.59 neckline low = 13.72, neckline support is at 88.29, 88.29 – 13.72 = 74.57). (for more see www.etf-bond.com)

IEF ETF Head & Shoulders Top Reversal