Near Term Trend: Bearish
As of 4/22/18 @ 11:12pm EST: Price 11912.5
Last week, I suggested shorting bounces in TY futures up to 12026 with stops on a daily close above 122 and with a downside target of 11625.
US Treasury Futures have been pummeled over the last two weeks. No surprise here. Theyre a bit oversold right now and could bounce, but theres more downside still to come for bond prices.
I would look to sell / short TY futures on a bounce up to 12005 with stops on a daily close above 12020 and with a target of 11625.