Near Term Trend: Bearish / Neutral
As of 6/8/18 close: Price 11925.5
Last week, I suggested shorting bounces in TY futures up to 11930.5 with stops on a daily close above 12015. We noted that buyers could try longs at 11909 in advance of the test of 11930.5 (short-term trade).
US Treasury Futures look like they may bounce a bit (for wave b higher of abc lower) and then decline again. Id say the bounce reaches 12023.5 or so and the subsequent drop reaches 119 or so.
I would look to sell / short bounces to 12023.5 with stops above 12050 and with a target of 119.