Treasuries Headed for Breakout Soon

The daily chart of the 10 year treasuries shows a steady upward-sloping flag (outlined here with a light blue line) that should break out soon, despite very firm resistance that has held steady for two months. According to the charts, this breakout is more likely to be to the upside. However, look what happened to the previous flag (the earlier light blue line). It broke downward, albeit temporarily. In an environment where both the financial markets, and the Fed, are ignoring inflation risk to try to stimulate growth, even lower interest rates may be on the way soon!