Near Term Trend: Neutral / Bearish
As of 2/9/18 close: Price 12105.50
Last week, I suggested buying 12017 with stops below 120 and with a target of 127.
TY futures broke down below head and shoulders neckline support and could trade much lower perhaps after a bounce. Watch out for the simultaneous sell-off of bonds and stocks bounces in each notwithstanding.
Id hold longs in TY futures until 12431 and would then sell and get short. Honor stops on longs below 120. Honor stops on shorts above 125. Downside target for shorts is 113.