Near Term Trend: Bearish for prices
As of 10/13/17 close: Price 12524 Yield: 2.28%
UPDATE: Last week, I suggested covering shorts and getting long at 12417, selling at 12602 and shorting up at 12621.
Bonds rallied modestly this week despite the continued rally in stocks. Maybe bond land is telling us something regarding the state of the stock rally. Right now, the chart in TY futures says this rally is just a correction. Resistance is at 12522.5 and 12624.5.
Hold longs in TY until 12624.5, flip and go short there with a downside target of 12326.5.