/ZB (30-yr Treasury bond futures) hit the bottom of the minimum pullback target zone from yesterday’s bearish rising wedge breakdown with another leg down likely after the reaction off T1 has run its course. 60-minute chart below.
ZB 60m Nov 10th
Likewise & far from coincidence, /NQ (Nasdaq 100 futures) also hit & bounced off my first pullback target (the downtrend line off the mid-July highs) with another leg down likely after this bounce has run its course (arrows on both /ZB & /NQ show a likely reversal/end point for these bounces). 60-minute chart below.
NQ 60m Nov 10th