Near Term Trend: Bearish / Neutral
As of 7/13/18 close: Price 12012.5
Last week, I suggested shorting bounces in TY futures up to 12014.5 with stops on a 240-minute close above that level and with a target of 11818.
TY futures are still hovering near the recent highs at about 120.50. That could be resistance or the ceiling could actually come in up at 12024. Either way, the price of TY futures should, in theory, drop in the short-term. The target remains down at 11818.
Id be shorting TY at 12014.5 with stops above 121 and with a target of 11818.