Currently: Cash Looking to: Buy @ 122.60
As of 4/21/19 @ 10:18pm EST: 123.05
LAST WEEK: We suggested buying at 122.65 with stops on a close below 122.10 and with a target of 124.80. We cautioned against shorting bond futures as of last week.
UPDATE: Treasury price futures (@TY) may establish support at either 122.64 (already tested last week) or 122.10. We are anticipating a test of monthly resistance at 124.25. Any monthly close above that and the doors open for a continued rally up to 127.58. We would be buyers of TY futures starting at 122.64 and all the way down to 122.10 with stops on a close below 121.90 and with an upside target of 124.25 all the way up to 127.58. We would not be shorting bonds right now.