10 year US notes futures moved to the upside in the last 24 hours, after we recognized wave B that completed itself near 131'20 before price moved higher into wave C as part of an expanded flat formation. Well, we have seen some nice bearish reversal in the last few hours so traders need to be aware of a new continuation down, with strong decline towards 131'00. Any higher prices would make recovery more complex but still part of a downtrend. Further weakness on 10 year US notes will suggest even higher stock prices.
10 Year US Notes, 4H
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