The charts are pointing to a breakout in short-term Treasury yields, says Carter Worth

(Check out Carter's worthcharting.com for actionable recommendations and live nightly videos.) The 2-year Treasury note yield is likely headed higher. Note the two identical charts below, one with annotations depicting the bottoming out process underway, and one with the 150-day moving average, also depicting a bottoming out reversal formation. The mechanism to play for higher short term yields is to sell short SHY. DISCLOSURES: none. …