March 30-Year T-Bond (137^14.5)

We used the Lehman UltraShort 20+ Year Treasury ETF to predict yesterday’s powerful thrust. The March Bond futures look like they’re not done yet, since there’s a midpoint resistance not far above, at 138^03 where a short-term top would be more logical. Hwoever, if they get past it, the pivot’s ‘D’ sibling at 139^19 would become our minimum objective. _______ UPDATE: The futures rallied overnight to touch 137^31, inches from our target; then they fell very hard, to an intraday low at 136^08.5