US10y reached a high @3.49% in line with EW targets, and seems to be consolidating correcting. In the process we can see a H&S forming that could target yields 100 lower than current levels (3.01%). The area between 1.90-1.50% would also be where fib retracements are for the full upmove and where the 200w ma also lies. Scary to think of the fundamental reasons for this to happen. This could could come from a FED pivot (sending every other risk asset higher as a result) or because of a market crash. Place your bets according to your view, but lower yields look possible from a techincal point of view.
