Steve Miley, MSTA
MarketChartist
US 10yr future upside risk to 126-195/245
The stronger Wednesday push above 125-175/18 only allowed for a prod above the cycle high at 125-235, but the anticipated better Thursday follow-through above here sets a still more bullish tone and with the overnight bullish extension leaves risk for further upside activity today and into mid-August.
The overnight move through the key 126-00 chart/ retrace target has already hit a next minor level at 126-08 on the way to 126-195/245 targets.
Overshoot risk is now to 127-07, with the secular high at 128-005!
WHAT CHANGES THIS?
Below 125-24/23 eases bull risks; through 125-03 signals a neutral tone, only shifting negative below 124-075.
4 Hour US 10yr Sept Future Chart
Daily US 10yr Future: Adjusted Continuation Chart
THERE IS SUBSTANTIAL RISK OF LOSS IN TRADING FUTURES, OPTIONS AND FX PRODUCTS. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE
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