Currently: Long Looking to: Sell at 127.25
As of 5/17/19 close: 124.48
LAST WEEK: We suggested buying dips in price to 123.33 with stops below 123 and with a ST profit-taking target of 124.97 or a LT target of 127.58.
UPDATE: Treasury price futures (@TY) made it as high as 124.85 this week falling just shy of hitting the ST upside target. Right now, it looks like TY futures want to go higher
than even 124.97. We would hold onto longs in TY futures unless and until 127.25 is approached / tested on the upside.
Look to sell / short up there with stops on shorts on a close
above 128.11 and with a downside target of 115 (best estimate
this early on).