Currently: Long Looking to: Sell @ 140.38
As of 5/15/20 close: 139.33
LAST WEEK: We suggested buying dips in TY futures to 138.27 with stops on a daily close below that level and with a target of 144.
UPDATE: TY futures continue to remain elevated for now. Given how overbought bonds are and the upward sloping (red) resistance line that exists just above current levels, we would start to be a little cautious at this point even as higher prices may be in store in the weeks, months and years to come. We would sell / short @ 140.38 and look to buy at 134.23. Honor stops on shorts on a close above 141.