Near Term Trend: Bullish
As of 9/22/17 close: Price 12526.5 Yield: 2.262%
UPDATE: Last week, I suggested buying at 12603 and looking to sell those longs at 12728.5.
Bond prices broke through bullish support at 12603 and now appear like they can move lower. Using Fibonacci retracement lines, we get possible support from 12517 to 12413 in the short-term. Given my call for a ST top in stocks, I have to believe bonds will find support soon.
Get long at 12517 with stops on a close below 12413.5 and with a target of 13103.