Currently: Short Looking to: Cover @ 125.34
As of 6/17/19 at 12:37am EST: 127.21
LAST WEEK: We suggested selling longs immediately and looking to short bounces to 126.98 with stops on a daily close above 127.05 and with a target of 124.69.
UPDATE: Treasury price futures (@TY) appear to us to be nearing a short-term peak at 127 or so. We can see them pulling back to around 125.34 and then trying to rally anew. We would stay with shorts here, but would honor stops on a daily close above 127.25 (raised since last week) and would look to cover down at 125.34 (also raised since last week). We
would get long down at 125.34 with stops below 125 and with an upside target of 128.00.