Near Term Trend: Neutral / Bearish
As of 1/12/18 close: Price 12230.50
Last week, I suggested buying dips to 12314.5 with stops on a close below 123 and with an upside target of 12830.
TY futures broke below previous projected support of 12314.5 this week opening the door to a bit more
downside. The chart to the right suggests possible support at 12220.00. A drop in equities would
theoretically be accompanied by a move to safety assets.
Lets see if stocks peak and bonds bottom before 1/31.
Id get long of TY futures near 12220 with stops below 122 and with an upside target of 128.