Near Term Trend: Bearish
As of 4/6/18 close: Price 121’00.50
Last week, I suggested shorting bounces in TY futures up to 121’09 with stops on a daily close above that and with a downside target of 116’25.
US Treasury Futures tested 121’09.5 resistance on Monday and have since tumbled in price. That level is obviously a key battleground. Below it is bearish and above it is bullish for bonds.
I would continue to sell / short TY futures at 121’09 with stops on a daily close above 122 and with a downside target of 116’25.