10 Year Treasury Yield
Elliot Wave abc correction from potential subwave, hit support at 2.39, with
strong reaction on horizontal and diagonal support, 200 sma, and close to 50% retracement(2.32).
A break of 3/2/2014 low at 2.57, 30/12 downtrend line, would open the door for the continuation of the longer
term(2012) trend, targeting 3.0(30/12 high) and 3.5 - 3.7, wave 5.
Breaking below support 2.33-2.39, exposes a potential low at 2.15 and 2.0.
Elliot Wave abc correction from potential subwave, hit support at 2.39, with
strong reaction on horizontal and diagonal support, 200 sma, and close to 50% retracement(2.32).
A break of 3/2/2014 low at 2.57, 30/12 downtrend line, would open the door for the continuation of the longer
term(2012) trend, targeting 3.0(30/12 high) and 3.5 - 3.7, wave 5.
Breaking below support 2.33-2.39, exposes a potential low at 2.15 and 2.0.