Currently: Short Looking to: Cover at 124.80
As of 8/11/19 as of 11:41pm EST: 129.70
LAST WEEK: We suggested shorting up to 130.14 with stops above 130.50 and with a target of 126.80.
UPDATE: Projected resistance for TY futures was hit and even eclipsed a bit. However, it looks to us like TY futures have just completed five sub-waves up to comprise a larger third wave move to the upside. What comes next should be a fourth wave correction - and it should be a deep one. So, well be looking for a pullback in Treasury prices to around 124.80 and then another rally to the upside to test the recent highs. We would hold shorts until 124.80. Ahead of that, short near 130.14 with stops > 130.50.