US Treasury Notes 21-9

US T Note 10 years FuturesDEC 10-Yr T-NOTES

Yesterday’s continuation of the past couple weeks’ meltdown reinforces the bearish count introduced in 14-Sep’s Technical Webcast and leaves yesterday’s 126.055 high in its wake as the latest smaller-degree corrective high the market is now required to sustain losses below to maintain a more immediate bearish count. Per such we’re considering 126.06 as our new short-term risk parameter from which non-bullish decisions like long-covers and cautious bearish punts can be objectively rebased and managed. Former 125.30-area support is considered new near-term resistance.

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