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 @ 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:
Chart courtesy of investing.com. http://investing.com
RECEIVE MY TRADING REPORT, FREE OF CHARGE, TWICE A DAY, FOR 2 WEEKS, BY SENDING AN E-MAIL AT: THETRADINGSTRATEGIST@YAHOO.COM !!!
Please read the Disclaimer!
Petros Steriotis, CFTe, MSTA 