USZ09 – December T-Bond Futures (Last:123^05)

The futures blew past a 122^22 target, but there’s another at 123^09 that in retrospect looks too compelling to have been overlooked (see chart).  I expect it to show tradable, and precise, stopping power; but if not, and the Hidden Pivot yields easily, the futures would be signaling more upside over the near term to 125^12, the highest number I can project without stretching my imagination.