Currently: Long Looking to: Sell / short @ 139.67
As of 5/22/20 close: 139.16
LAST WEEK: We suggested selling / shorting at 140.38 with stops on a close above 141 and with a target of 134.23.
UPDATE: TY futures appear to be at the upper edge of an upward sloping sub-channel with projected resistance at 139.67.
If history is any guide, we would expect prices to drift down to
the projected support at 133.36 135 (depending on how long it takes to get down to that upward sloping support line). We would sell / short TY futures and/or bond proxies at 139.67
with stops on a close above 141 and with a downside target for
covering at 135 and for getting long at 133.36.