Ten Year technicals
The March TEN YEAR has been creating a series of lower highs since it’s peak at 114-11 on December 4th, 2007. The lower highs have been accompanied by lower lows as well so the daily chart looks like a ratcheting low in price. Today’s high price came very near a parabolic stop and reverse signal - in this instance the 3 day upward trend, according to parabolic analysis, is over. So the next move is likely to be to the downside - the magnitude of the downside move cannot be predicted from a parabolic study alone; perhaps this week’s FOMC minutes will provide some inspiration in the Treasury futures market.