Did the 10YR just Roll Over?
US 10 yr Treasuries.
I have gone full neuclear on treasuries tonight!
The decline off the high at 124.95 is looking more like a five wave structure now.
And I have labelled it as such this evening.
The price hit a low at 123.24 today,
not quite breaking the previous wave (i) high but close enough to get serious about wave '3' down.
A break of that previous wave (i) will be a heavy signal that we heve turned down.
Watch for wave (ii) to begin a three wave correction higher which should hit 124.00 again.
If this action occurs,
then we are on, to turn down in a big way in wave '3'.