10 Yr Notes

Interest rates are on the rise. Looks like the Fed's grip on the market is slipping. Good entry point at 3.8%, with a stop at 3.71%.

5 Year Treasuries

It's make or break time for the 5 Year Note. It traded below its 20ma and 50ma this week. It's going to need to get above 2.4% in a hurry to keep wave 4 favorable. A further backtest to the breakout will unfavorably weaken wave 5's target.