Near Term Trend: Bearish / Neutral
As of 6/18/18 at 4:55AM EST: Price 11925.5
Last week, I suggested shorting bounces in TY futures up to 12023.5 with stops on a daily close above 12050 and with a target of 119.
US Treasury Futures traded down to the 119 support with not much of a bounce attempt prior to that. They have now bounced to abc resistance in the very short-term at 11925. If that ceiling holds, a drop to 118 should be next.
I would look to sell / short bounces to 11925 with stops above 12000.5 and with a target of 118.