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(M0) Time For A Correction?.....>

US 5YR FUTURE TECHS
US 5YR FUTURE TECHS: (M0) Time For A Correction?
*RES 4: 126-046 3.236 projection of Jan 9 - Jan 31 rally from Feb 6 low
*RES 3: 126-00 Round number resistance
*RES 2: 125-286 High Mar 9
*RES 1: 125-06+ Intraday high
*PRICE: 124-076 @ 11:29 GMT, Mar 10
*SUP 1: 123-252 Low Mar 6
*SUP 2: 123-08 Low Mar 5
*SUP 3: 122-16 Low Mar 3
*SUP 4: 122-092 20-day EMA
5yr futures are sharply lower having staged an impressive pullback off
yesterday's high of 125-286. The strong uptrend has been in overbought territory
for some time and perhaps now we can consider the beginning of a much needed
technical correction. A move below Friday's 123-252 would suggest scope for a
123-08, the Mar 5 low. A deeper pullback would open 122-092, the 20-day EMA.
Initial resistance is at 125-06+, the bull trigger is 125-286.

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