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Notice the following:
-- Since the late December peak the 7-10 year Treasury market has been in a clear downward trajectory, making lower lows and lower highs.
- The 10 and 20 day SMA are both moving lower now.
-- The 10 day SMA has crossed below the 50 day SMA and the 20 is about to
-- Prices are below the 10, 20 and 50 day SMA