US 10yr future bullish range breakout/ extension threat
A bullish outside pattern Tuesday to reinforce a still solid digestion since mid-May and we repeat the view that “this highlights a still resilient tone above 125-185/18 and from the surge through critical chart/ retrace resistance barriers at 125-065/07 for still further upside into late May”.
The late May risk remains for a rebound back to retest the recent peaks at 126-035/05 and higher to aim for 126-155, 126-26 into early June.
Overshoot threat would then be to 127-125/175 chart/ retrace targets.
WHAT CHANGES THIS?
Below 125-125 eases bull risks; through 124-205 signals a neutral tone, only shifting negative below 124-14.
Daily US 10yr June Future: Adjusted Continuation Chart