10 year US notes are on the move and looks like we can see even more gains as yield is trying to go beneath 2%. However before continuation higher on 10 year Notes can restart we may see a retracement back to 128'00 area where we see a rising support line.
10 year US notes 4h Elliott Wave Analysis
The US markets will open in around 10mins and it seems like price want to rally at the start of the session while the 10 year T-note is moving slightly lower at the moment, away from yesterday highs. As such, the E-mini S&P500 can still be forming a corrective wave 4) with wave C yet to come up to 1870/1875 area before downtrend resumes into wave 5).
S&P500 (Dec 2014) 1h Elliott Wave Analysis
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