Currently: Long Looking to: Sell @144.08
As of 5/29/20 close: 139.38
LAST WEEK: We suggested selling / shorting at 139.67 with stops on shorts on a close above 141 and with a target of 135.
UPDATE: TY futures are trading in a manner that indicates they want to trade higher in the short-term. We now project that TY futures will rally up towards 144.08 145.20.
We would look to buy TY futures Monday with stops honored on a close below 138.55 and with an upside target for profittaking at 144.08. We would ideally short up at 145.20 with a
downside target of 140.