10 Year T-Note Technical Outlook: Daily Trend Remains Up

 | Oct 22, 2014 06:08AM ET

After going as high as 130,50 on October 15, 10-Year Treasuries have made a serious correction down to currently 127,75. The daily trend remains up, although positions need to have a stop at 127 and 126.20, because if these levels are clearly violated, chances favor a revisit of the 125 handle. A breakout above 128 will open the door to 130.

10-year Notes, 5-hours chart: