View: content.screencast.com/use...8/TNX1987.jpg

A look at the 10 yr yield in 1987. Similar setup to today. In 1987, the key breakout was just under 9%. This would parallel today's 3% yield. From there, yields rose sharply in Sept 1987 from 9% to 9.5% in a week. After consolidating for a couple weeks, they continued to rise quickly into mid-Oct to 10.25%. 

In today's world, a similar setup would see us rise quickly to 3.5%, have a bit of consolidation, and then rise quickly to test the long term downtrend line in rates, just under 4%. 

Again, target is not the 35% SPX lost in 1987. I'm only asking for a measily 25% drop to RUT 900. Happy New Year!