GDP is already out this morning and it it's left bonds in slightly stronger territory.  With these gains, the longer-term chart looks like 10s might be trying to form a new ceiling right in line with the last major ceiling from early June.  

Momentum technicals wouldn't be too opposed to the idea as short-term stochastics have already leveled off in oversold territory and longer-term stochastics are getting close.  This refers to the red/blue and green/teal lines in the chart above, respectively.  The higher they go, the more they're considered to be "oversold"--an intentionally vague term that market technicians use to refer to a security that has seen so much selling over a certain amount of time, that it's increasingly likely to see a bounce in the other direction.

The underlying assumption is that the more traders bet on movement in one direction, the more crowded that trade becomes.  Eventually, everyone who needed to sell has sold, and trading positions can reset.  The catch is that the reset can sometimes be shallow and temporary--merely paving the way for more selling.  Whether or not that turns out to be the case this time remains to be seen.  In any event, we should have a clearer idea of how traders are feeling by the end of next week as August's first few days of trading get underway.