Tuesday, April 22, 2014

10 yr note…rdy to see the last push lower in rates?





Daily chart looks like the 10 yr June contract may look for a bottom around the 12306 price range as I'm still expecting a rally ( or rates to fall back) to a price range of 12703-12814 and finally bottom by the end of May start of June time frame. Looks very much like 1234 and the 5th wave down in the making. It is very possible that we hold here and reverse today.
Watching for a setup   

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