I warned here last week that if TLT couldn’t hold above the 91.20 Hidden Pivot support shown in the chart, we’d better look out below. It now appears that the support will fail, sending this T-Bond proxy into a vast void that extends all the way down to last October’s low near 82.  If that happens, we’ll see a corresponding spike in rates that approaches or matches the 5% peak in the Ten-Year recorded last October. This is yet one more reason why the mass psychosis that has driven stocks into a relentless vertical climb is about to succumb to reality.