Currently: Short Looking to: Cover @ 137.06
As of 4/3/20 close: 139.05
LAST WEEK: We suggested selling longs / getting short at 139.35 with stops on a close above 139.40 and with a target for covering at 137.06. We suggested new longs at 136 with a
target of 143.
UPDATE: Bonds made it up to our sell longs and get short target and have started to back off. We still feel like they will pull back to 136 137.06 on TY futures before advancing even further to the upside.
We would look to cover shorts at 137.06 and get long at 136 with stops on a close below 135 and with a target of 143.