TEN year T Note: TNX The Super Long-Trem Trend in Rates - Right Side/Wrong Side Ms Yellen is scarred by her being accused of messing up the markets in mid 2015 and causing a 6 month 21% decline (nothing to do with her in fact, it was more to do with Nasdaq double topping in mid 2015 at the old 2000 cycle high - exactly same time from high in 2000 to the high...
This is a short term sell opportunity on the 10 year T-Note. However the bigger trade is a buy to test the upper structure line. If price behave as expected, I will post the trade for the buy. Trade with care. Use a strategy you have tested and verified. 6.1.8. Family. More Than Just Trading.
The yield on the US TNote 10-Year remains in a long term downtrend channel, looking to complete it's down wave (3) of V towards 0.70%. A break above 2.20% would invalidate this trade and a break above 3.04% would invalidate the whole bearish pattern.