Near Term Trend: Neutral
As of 11/17/17 close: Price 12431
Last week, I suggested buying TY futures at 12423 with stops below 12421 on a close and selling up at 12924.
Treasury Note futures finished higher this week despite the late week rally in stocks. Bond traders may not be buying fully into the idea that tax reform is a done deal. Perhaps its that or China hawkishness or lingering concerns over GEs balance sheet. Technically, the picture isnt perfectly clear. But, Id be buying TY futures near 12406 with a target of 12515 and stops on a close below 12404.