Near Term Trend: Bearish / Neutral
As of 6/22/18 close: Price 11928.0
Last week, I suggested shorting bounces in TY futures up to 11925 with stops on a daily close above 12000.5 and with a target of 118.
US Treasury Futures were up slightly for the week, but should drop for a bit before rallying further. Im thinking that whatever happens very short-term, bond futures prices should not exceed 12003.5 anytime soon.
Id short bounces to 120 with stops on a close above 12004 and with a downside target for covering at 11818. Id get long down at 118 with a 121 target.