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| Month | 5-YR | 15-YR | 40-YR | Signal | Conviction | Trade Note |
|---|
| Month | Bias | Overview | Weekly Detail | Notes |
|---|---|---|---|---|
| January | BEAR | Spikes to ~95 at open then collapses immediately. Full waterfall. | Wk1 ↓ Wk2 ↓ Wk3 ↓ Wk4 ↓ | Sell the Jan 1 spike. No longs. |
| February | BEAR | Continuing waterfall from Jan collapse. | Wk1 ↓ Wk2 ↓ Wk3 ↓ Wk4 ~ | Late Feb stabilising — watch for early turn. |
| March | CHOP | Bottoms late Feb/early Mar. Recovery begins. | Wk1 ↓ Wk2 ~ Wk3 ↑ Wk4 ↑ | 5-YR trough and turn — early long signal. |
| April | BULL | Spikes sharply to ~85–90 mid-Apr. Strong rally. | Wk1 ↑ Wk2 ↑ Wk3 ~ Wk4 ↓ | Peak ~85–90 Wk2. Begin fading late Apr. |
| May | BEAR | Collapses from Apr peak to ~25–30 by month end. | Wk1 ↓ Wk2 ↓ Wk3 ↓ Wk4 ↓ | Waterfall all month. Short from Apr peak. |
| June | BEAR | Near absolute trough ~25. Depressed all month. | Wk1 ↓ Wk2 ↓ Wk3 ~ Wk4 ~ | Late Jun possible base — watch for Jul turn. |
| July | BULL | Spikes sharply to ~90–95 early Jul. Powerful recovery. | Wk1 ↑ Wk2 ↑ Wk3 ↑ Wk4 ~ | 5-YR leads Jul recovery aggressively. |
| August | BULL | At or near peak ~90–95. Rolling Wk3–4. | Wk1 ↑ Wk2 ↑ Wk3 ~ Wk4 ↓ | Wk1–2 long, then 5-YR peaks and fades. |
| September | BEAR | 5-YR already declining while 40-YR still rising. | Wk1 ↓ Wk2 ↓ Wk3 ↓ Wk4 ↓ | 5-YR peaks before 40-YR — early warning to trim. |
| October | BEAR | Falling post-Sep. Broad decline. | Wk1 ↓ Wk2 ↓ Wk3 ↓ Wk4 ↓ | Hold shorts from Sep flip. |
| November | BEAR | Low and falling toward Dec lows. | Wk1 ↓ Wk2 ↓ Wk3 ~ Wk4 ~ | Late Nov stabilising — approach Dec base. |
| December | CHOP | Near annual lows. Very late Dec upturn begins. | Wk1 ↓ Wk2 ~ Wk3 ~ Wk4 ↑ | Wk4 only — early positioning for Jan cycle. |
| Month | Bias | Overview | Weekly Detail | Notes |
|---|---|---|---|---|
| January | BEAR | Declining from low start ~25–35. Broad weakness. | Wk1 ↓ Wk2 ↓ Wk3 ↓ Wk4 ↓ | Low all month. Full bear. |
| February | BEAR | Grinding lower ~15–25. Continued seasonal weakness. | Wk1 ↓ Wk2 ↓ Wk3 ↓ Wk4 ↓ | Near absolute low zone. |
| March | BEAR | Still weak but stabilising late Mar. Lagging 40-YR recovery. | Wk1 ↓ Wk2 ↓ Wk3 ~ Wk4 ~ | 15-YR lags 40-YR in recovery timing. |
| April | BULL | Recovering — bouncing into mid-range alongside other TFs. | Wk1 ↑ Wk2 ↑ Wk3 ↑ Wk4 ~ | Recovery confirmation — long bias. |
| May | BEAR | Peaking and rolling over with 40-YR mid-May. | Wk1 ~ Wk2 ↓ Wk3 ↓ Wk4 ↓ | Peak early May then waterfall. |
| June | BEAR | Low and declining. Depressed seasonal zone. | Wk1 ↓ Wk2 ↓ Wk3 ↓ Wk4 ~ | Hold shorts. Late Jun possible turn. |
| July | BULL | Rising — bull recovery alongside 40-YR and 5-YR. | Wk1 ↑ Wk2 ↑ Wk3 ↑ Wk4 ↑ | All TFs recovering Jul — strong alignment. |
| August | BULL | Continuing higher toward Sep simultaneous peak. | Wk1 ↑ Wk2 ↑ Wk3 ↑ Wk4 ↑ | 15-YR climbing to Sep peak alongside 40-YR. |
| September | BULL | Peaks ~100 simultaneously with 40-YR mid-Sep. Then collapses. | Wk1 ↑ Wk2 ↑ Wk3 ↓ Wk4 ↓ | Peak mid-Sep — flip short on confirmation. |
| October | BEAR | Sharp decline post-Sep peak. Full waterfall. | Wk1 ↓ Wk2 ↓ Wk3 ↓ Wk4 ↓ | Hold shorts. No bounce expected. |
| November | BEAR | Low and falling. Continued post-Sep decline. | Wk1 ↓ Wk2 ↓ Wk3 ~ Wk4 ~ | Late Nov stabilisation only. |
| December | CHOP | Near lows. Late stabilisation. No strong recovery yet. | Wk1 ↓ Wk2 ↓ Wk3 ~ Wk4 ~ | 15-YR slow to turn — year-end base building. |
| Month | Bias | Overview | Weekly Detail | Notes |
|---|---|---|---|---|
| January | BEAR | Opens ~75 and declines all month. Broad seasonal bear. | Wk1 ↓ Wk2 ↓ Wk3 ↓ Wk4 ↓ | No long bias. Structural bear. |
| February | BEAR | Continuing lower toward ~50. Structural weakness. | Wk1 ↓ Wk2 ↓ Wk3 ↓ Wk4 ~ | Late Feb base starting to form. |
| March | BULL | Recovery begins. 40-YR leads the turn — the first TF to recover. | Wk1 ~ Wk2 ↑ Wk3 ↑ Wk4 ↑ | 40-YR leads recovery ahead of 5-YR and 15-YR. |
| April | BULL | Rising. Bull phase building into May. | Wk1 ↑ Wk2 ↑ Wk3 ↑ Wk4 ↑ | All-month long bias on 40-YR. |
| May | BEAR | Peaks mid-May (~85) then rolls over sharply. End of Q2 rally. | Wk1 ↑ Wk2 ~ Wk3 ↓ Wk4 ↓ | Peak Wk1–2 then waterfall Wk3–4. |
| June | BEAR | Declining. Seasonal trough zone building toward Jul bottom. | Wk1 ↓ Wk2 ↓ Wk3 ↓ Wk4 ↓ | Hold shorts from May rollover. |
| July | BULL | Strong recovery. Rising from ~55 toward 70+. Leads Jul bull. | Wk1 ↑ Wk2 ↑ Wk3 ↑ Wk4 ↑ | 40-YR in strong uptrend all Jul — high conviction long. |
| August | BULL | Continuing higher toward Sep absolute peak. | Wk1 ↑ Wk2 ↑ Wk3 ↑ Wk4 ↑ | All-month long on 40-YR. Peak comes in Sep. |
| September | BULL | ABSOLUTE ANNUAL PEAK ~100 mid-Sep. Then full reversal. | Wk1 ↑ Wk2 ↑ Wk3 ↓ Wk4 ↓ | Peak mid-Sep. Flip short Wk2–3 — highest conviction signal. |
| October | BEAR | Sharp post-peak waterfall. Drops from 100 toward ~75. | Wk1 ↓ Wk2 ↓ Wk3 ↓ Wk4 ↓ | Full waterfall all month. Hold all shorts. |
| November | BEAR | Continued decline toward ~50. No recovery yet. | Wk1 ↓ Wk2 ↓ Wk3 ↓ Wk4 ↓ | 40-YR still falling. Dec base not yet in view. |
| December | BEAR | Near annual lows. Base forming only at very end of Dec. | Wk1 ↓ Wk2 ↓ Wk3 ↓ Wk4 ~ | Late Dec Wk4 only — watch for very early Jan positioning. |