Near Term Trend: Bearish
As of 3/16/18 close: Price 12011
Last week, I suggested shorting bounces to 12124.5 with stops above 122 and with a target of 116.
US Treasury Futures posted pretty much a flat week this week. The technical picture on the chart to the right still shows good potential for more downside in bond prices / upside in rates. Until evidence to the contrary presents itself, Im sticking with that thesis.
I would be shorting bounces in TY futures up to 12109 with stops on a daily close above that and with a downside target of 11625.