Well here is the ETF:TBT which is the double short 20yr treasury. So a rally in interest rates will see this market rally. Technically price broke out of a 4 month channel between $18 and $20 when it cleared $20 and so far is holding above. Presently price is typically pulling back to the breakout point at $20. Also the 20ema has just crossed above the 50ema for the 1st time since March 2011. Always a bullish sign as well. So far the chart looks like it is breaking out of a base building 4 month channel and turning back up. A pullback to the breakout pt would be the place to get long technically so the good book says.