In the previous post from early today, I highlighted the 5-yr Treasury Note (/ZN & IEI) had just hit the first price target/107’060 resistance level. Since then, both /ZB (30-yr Treasury bond futures, or TLT) and /ZN (10-yr T-bond or IEF) have also rallied into significant resistance levels where a reaction is likely before the next leg up. 120-minute charts of /ZB & /ZN below.
ZB 120m Oct 27th
ZN 120m Oct 27th