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| Month | 5-YR | 15-YR | 25-YR | Signal | Conviction | Trade Note |
|---|
| Month | Bias | Overview | Weekly Detail | Notes |
|---|---|---|---|---|
| January | CHOP → BULL | Sideways base-building early in the month, then turns up late as 15-YR/25-YR pull it along. | Wk1 ~ Wk2 ~ Wk3 ↑ Wk4 ↑ |
Lags the longer TFs early — confirmation comes by Wk3. |
| February | BULL | Joins the broad rising tide — climbs steadily in lockstep with 15-YR and 25-YR. | Wk1 ↑ Wk2 ↑ Wk3 ↑ Wk4 ↑ |
Full alignment now — building toward March's acceleration. |
| March | BULL — ACCELERATION | Explosive rally — leads the charge to the yearly highs, the year's strongest move. | Wk1 ↑↑ Wk2 ↑↑ Wk3 ↑ Wk4 ~ |
Highest-conviction long window of the year — trim into Wk4 as momentum stalls. |
| April | FLIP — ROLLING TOP | Crests early in the month and rolls over decisively — first TF to flip from long to short, leading the broader reversal. | Wk1 ↑ Peak Wk2 ~ Wk3 ↓↓ Wk4 ↓↓ |
Defining flip — 5-YR leads the rolling top. Exit longs, flip short. |
| May | SHORT | Full waterfall continuation — clean decline with no signs of a bounce. | Wk1 ↓ Wk2 ↓↓ Wk3 ↓↓ Wk4 ↓ |
Hold shorts — a clean, confident continuation of the April flip. |
| June | TROUGH / TURN | Finds its floor and starts basing — first TF to bottom, setting up the V-shaped rebound. | Wk1 ↓ Wk2 ~ Trough Wk3 ~ Wk4 ↑ |
Cover shorts at the trough — 5-YR leads the turn by roughly a week. |
| July | BULL — LEADING RALLY | Standout counter-trend long — leads the bounce decisively higher off the mid-year low. | Wk1 ↑ Wk2 ↑↑ Wk3 ↑↑ Wk4 ~ |
The standout counter-trend long of the year — but watch for fade by Wk4. |
| August | FLIP — LEADS THE COLLAPSE | Already turning down as 15-YR makes its secondary peak — leads the sharpest collapse of the year lower. | Wk1 ~ Wk2 ↓↓ Wk3 ↓↓ Wk4 ↓ |
5-YR leads 15-YR's divergence-top collapse — flip short hard. |
| September | CHOP | Choppy, directionless drift — no clean edge after August's sharp move. | Wk1 ~ Wk2 ~ Wk3 ~ Wk4 ↓ |
Range-bound — stand aside or trade the range cautiously. |
| October | WEAK BOUNCE → FAIL | Tentative recovery attempt surfaces but stalls and fails outright by Wk4. | Wk1 ↑ Wk2 ↑ Wk3 ~ Wk4 ↓↓ |
Fade the bounce — Wk4 failure opens the door to November's waterfall. |
| November | SHORT — HIGHEST CONVICTION | THE ANNUAL WATERFALL — the sharpest, deepest decline of the year, fully aligned, no hesitation. | Wk1 ↓↓ Wk2 ↓↓↓ Wk3 ↓↓ Wk4 ↓ |
Highest-conviction short window of the year — hold through the capitulation low. |
| December | CHOP / BASE | Choppy base-building near the lows; ticks higher late month, setting up January's mixed open. | Wk1 ↓ Wk2 ~ Wk3 ~ Wk4 ↑ |
Cover remaining shorts — 5-YR leads the turn into the new year. |
| Month | Bias | Overview | Weekly Detail | Notes |
|---|---|---|---|---|
| January | BULL | Already drifting higher off the year-end base — leads the early-year turn. | Wk1 ↑ Wk2 ↑ Wk3 ↑ Wk4 ↑ |
First TF to confirm the long — leads 5-YR by roughly two weeks. |
| February | BULL | Continues climbing in step with 5-YR and 25-YR — broad confluence forming. | Wk1 ↑ Wk2 ↑ Wk3 ↑ Wk4 ↑ |
Sustained alignment — hold longs into the March acceleration. |
| March | BULL | Strong rally toward the yearly highs, fully aligned with 5-YR and 25-YR. | Wk1 ↑ Wk2 ↑ Wk3 ↑ Wk4 ~ |
High-conviction long — but the Wk4 stall hints the top is near. |
| April | FLIP — ROLLOVER | Crests in the same window as 5-YR and rolls over — confirms the rolling-top reversal in lockstep. | Wk1 ↑ Wk2 ~ Peak Wk3 ↓ Wk4 ↓↓ |
Confirms the top alongside 5-YR — the second TF to flip, same week. |
| May | SHORT | Declines in full alignment with 5-YR and 25-YR toward the mid-year trough. | Wk1 ↓ Wk2 ↓↓ Wk3 ↓↓ Wk4 ↓ |
Confirms the broad waterfall — full three-TF alignment lower. |
| June | SHORT → TURN | Makes its low slightly behind 5-YR, then turns up alongside the broader rebound. | Wk1 ↓ Wk2 ↓ Low Wk3 ~ Wk4 ~ |
Lags 5-YR's turn by roughly a week — wait for confirmation before sizing the long. |
| July | BULL | Joins the counter-trend rally a touch behind 5-YR, building solid momentum. | Wk1 ~ Wk2 ↑ Wk3 ↑ Wk4 ↑ |
Strong continuation — sets up its own secondary-peak attempt in August. |
| August | SECONDARY PEAK → FLIP | SECONDARY DIVERGENCE PEAK in early August — even as 5-YR is already turning down — then suffers its sharpest single-month collapse of the year as the divergence resolves. | Wk1 ↑ Peak Wk2 ~ Wk3 ↓↓↓ Wk4 ↓↓ |
Defining divergence top — collides with 5-YR's existing decline. The sharpest single-month move of the year. |
| September | CHOP | Drifts sideways without confirming any clear direction after the August collapse. | Wk1 ~ Wk2 ~ Wk3 ~ Wk4 ~ |
A weak bounce attempt fades — no follow-through. |
| October | WEAK / NO CONFIRMATION | Fails to confirm 5-YR's bounce attempt — stays capped and rolls over. | Wk1 ~ Wk2 ~ Wk3 ↓ Wk4 ↓ |
The lack of confirmation here is the tell — don't trust 5-YR's bounce. |
| November | SHORT — ANNUAL LOW | Joins the annual waterfall in full alignment — among the steepest declines of the calendar. | Wk1 ↓↓ Wk2 ↓↓↓ Wk3 ↓↓ Wk4 ~ Low |
Confirms the capitulation low alongside 5-YR and 25-YR. |
| December | CHOP → TURN | Choppy basing gives way to the first tentative signs of a turn higher late in the month. | Wk1 ~ Wk2 ~ Wk3 ↑ Wk4 ↑ |
The earliest signal of the turn — leads 5-YR's January confirmation by about two weeks. |
| Month | Bias | Overview | Weekly Detail | Notes |
|---|---|---|---|---|
| January | BULL | Already in a gentle uptrend off the year-end base — the steadiest opener of the three TFs. | Wk1 ↑ Wk2 ↑ Wk3 ↑ Wk4 ↑ |
Steady, unhurried climb — sets the tone for the broad spring rally. |
| February | BULL | Continues climbing alongside 5-YR and 15-YR — broad three-way confluence. | Wk1 ↑ Wk2 ↑ Wk3 ↑ Wk4 ↑ |
Full alignment — confirms the broad seasonal uptrend. |
| March | BULL | Joins the acceleration toward the yearly highs, climbing in lockstep with the shorter TFs. | Wk1 ↑ Wk2 ↑ Wk3 ↑ Wk4 ↑ |
Approaching its own peak — but will trail the shorter TFs' top by weeks. |
| April | BULL — TRAILING PEAK | KEEPS GRINDING HIGHER even as 5-YR and 15-YR are already crashing — makes its absolute yearly high LAST, the defining trailing-peak divergence of BRL's year. | Wk1 ↑ Wk2 ↑ Wk3 ↑ Peak Wk4 ↓ |
The trailing confirmation — its peak arrives precisely when the shorter TFs are flashing sell signals. Textbook rolling top. |
| May | SHORT | Finally turns down, joining the broad waterfall toward the mid-year trough. | Wk1 ↓↓ Wk2 ↓↓ Wk3 ↓ Wk4 ~ |
Confirms the rollover one TF behind — full alignment lower now in place. |
| June | SHORT → TROUGH | Makes its low alongside 15-YR, slightly behind 5-YR's earlier turn. | Wk1 ↓ Wk2 ~ Trough Wk3 ~ Wk4 ~ |
The slowest TF to turn — confirms the bottom is in only after the others have moved. |
| July | RECOVERY — LAGS | Begins a slow recovery off the trough but lags well behind the sharper 5-YR/15-YR bounce. | Wk1 ~ Wk2 ~ Wk3 ↑ Wk4 ↑ |
Don't expect this TF to lead — it's the laggard and confirmer of the group. |
| August | CHOP → ROLLOVER | Continues a slow grind before rolling over behind 15-YR's collapse late in the month. | Wk1 ~ Wk2 ~ Wk3 ~ Wk4 ↓ |
The trailing confirmation of the August reversal — joins the decline last. |
| September | BEAR — SLOW GRIND LOWER | Continues its slow downward drift, the most persistently bearish of the three TFs this month. | Wk1 ↓ Wk2 ↓ Wk3 ~ Wk4 ↓ |
Quietly persistent — the only TF showing a clear bias this month. |
| October | BEAR | Continues lower, refusing to confirm the brief 5-YR bounce attempt — stays the most bearish TF. | Wk1 ↓ Wk2 ↓ Wk3 ↓ Wk4 ↓ |
The clearest of the three TFs this month — trust this signal over the noisy short-term bounce. |
| November | SHORT — ANNUAL LOW | Joins the annual waterfall in full alignment, confirming the steep capitulation lower. | Wk1 ↓↓ Wk2 ↓↓ Wk3 ↓ Wk4 ~ Low |
Confirms the annual low alongside 5-YR and 15-YR — full three-way alignment. |
| December | CHOP / BASE | Closes the year choppy near its lows — basing for the next cycle, the slowest TF to turn. | Wk1 ~ Wk2 ~ Wk3 ~ Wk4 ~ |
Stays neutral into the new year — the laggard confirms the turn only after January begins. |