10 Year U.S. Notes: A Reversal Could Be In Action

 | Jul 14, 2016 11:02AM ET

10 year US notes are turning slightly down for the last few days, so we are wondering if maybe market finally completed its ending diagonal since we have all the pieces in place. However, it's always good to wait on confirming price action before any trend-change is confirmed. In other words, we need a five wave drop through the trend support line to make sure that bears are getting stronger.

10 Year US Notes, Daily