USU10 – September T-Bonds (Last:126^19)

September T-Bonds (USU10) price chart with targetsThe next upthrust has the potential to reach 131^05, so we should look diligently for ways to buy this minor correction.  I’ll recommend a 126^08 bid, stop 126^04, but you should be on the lookout for camouflage opportunities arising from any minor ABC rally, since it’s possible the futures won’t retrace all the way down to the Hidden Pivot support at 126^07. As of around 9:30 p.m. Sunday night, the three-minute chart looked like the best place to scout for the turn. _______ UPDATE (10:45 a.m. EDT): The futures dove sharply to a low at 126^11, three ticks from our bid, before bouncing robustly. Cancel the order, since our odds will never be quite as good when we settle for sloppy seconds. The original target remains theoretically valid nonetheless.  For the record, there was a camouflage entry signal  at 126^17 around 10:06 a.m. EDT that would have gotten you long for a very short ride to as high as 126^26.