Near Term Trend: Bearish
As of 4/22/18 @ 11:12pm EST: Price 119’12.5
Last week, I suggested shorting bounces in TY futures up to 120’26 with stops on a daily close above 122 and with a downside target of 116’25.
US Treasury Futures have been pummeled over the last two weeks. No surprise here. They’re a bit oversold right now and could bounce, but there’s more downside still to come for bond prices.
I would look to sell / short TY futures on a bounce up to 120’05 with stops on a daily close above 120’20 and with a target of 116’25.