U.S. 10-Year future correction phase
Although we remain bullish for the second half of August, we stated in our last report that “early this week, however, the intraday setback Friday likely points to a digestion tone, with risk of a dip back towards 126-055, maybe even 126-005”.
The move towards these support leaves risk still lower and for an approach into Tuesday, though we look for 126-005 to try to hold.
The Friday surge through the 126-175 peak and 126-195/245 barriers leaves risk still higher into the 2nd half of August, to aim next for our new targets at 127-07 and maybe the secular high at 128-005!!
WHAT CHANGES THIS?
Below 126-005 eases bull risks; through 125-18 signals a neutral tone, only shifting negative below 125-03.
Please see full report with levels and latest screencast here:
