Near Term Trend: Bullish in price
Fridays Close: Price 12625.0 Yield: 2.157%
UPDATE: Last week, I suggested selling TY futures at 12615.0 and looking to cover at 12530.0 with stops on any 60-minute close above 12615.0.
Treasury prices rallied past my resistance last week after economic data and geopolitics gave some concern. The net result is a bullish short-term price chart for TY.
Try to buy TY futures down at 12529.5 with stops in place on any daily close below 12529 and an upside target of 130.