Currently: Short Looking to: Cover at 124.80
As of 8/16/19 close: 130.92
LAST WEEK: We suggested shorting near 130.14 with stops above 130.50 and with a target of 124.80.
UPDATE: TY futures made one more push to the upside last week - closing slightly above monthly resistance at 130.60 in the process. It appears like TY futures are trying to make a third wave top here and that a pullback to around 126.72 may be coming next. We would be selling TY longs and getting short at current levels with stops honored on a monthly close above 130.60 and with a downside target of 126.72 for covering and getting long. The upside target will be this weeks highs.