USM09 – T-Bond Futures (Last:121^24)

From just above a predicted low  at 119^10, the futures have now rallied to within a whisker of our first important rally target, 121^28.  Someone in the chat room reported booking a $400 profit on a long position taken near the lows, but it would have required daring, not to mention cunning, to have  extracted much more than that. The 121^28 target is no longer significant from a trading standpont, but we’ll be focused on it nonetheless, since an easy breach would shorten the odds of another leg up.