“See the attached U.S. 10 year Treasury continuous p/f.

“I see a lot of “bag-holders” at the top, and a major consistency in how that when trend is broken, particularly a longer trend, the reaction is likewise long and pronounced.“

Eoin Treacy's view Thank you for this p&f chart. Here also is a p&f from our Chart Library showing a more condensed scale for perspective. At the very minimum, the progression of higher reaction lows within the six month range has been broken. Technical damage has been done and a significant rally would be required to check potential for additional medium-term downside.