Near Term Trend: Bearish / Neutral
As of 8/10/18 close: Price 12007.5
Last week, I suggested buying TY futures near 11828 if and when that level was tested.
Wow! Its safe to say this is the safety trade in action in response to the Turkey situation. US Treasury futures now seem to be headed up to the 12127.5 to 12208 range.
Look to buy a drop to 11927 with stops on a daily close below 11925 and with a target of 12127.5. Shorts can be tried again up at 12208. Stops above 12225 and target 11618.