10 yr treasuries are setting up as a" contracting ending diagonal" with a possible throwover above the highs at 13408. once this happens we could very well see a violent move down in treasuries ( up in rates) probably one of my fav formations in elliotwave to trade.Looks like we are in the last stages of the e-wave. this formation and could easily reach 13408-13415 per march contract. ( a truncation is also a possiblity.) watching for now
Just thought I would share
CK
