Near Term Trend: Neutral / Bearish
As of 2/16/18 close: Price 12018.50
Last week, I suggested holding longs in TY futures until 12431 and then selling and getting short with a target of 113. Stops on longs were to be honored < 120. Stops on shorts > 125.
TY futures managed to hold 120 support short-term. We still can see bounce to 12330 before bearish action resumes.
Id hold longs til 12330 and then sell / short there with target of 113 and stops on a close above 12431. Stops on existing longs below 120.