USM11 – June T-Bond (Last:122^00)

The flight to, er, quality continues, with bulls threatening to take this pup about to as high as 121^24 today. The futures were playing toe-sies with the 120^24 midpont resistance as we went to press, but the finishing stroke should be considered underway once the futures achieve some distance (i.e., 6-7 ticks) from it.  Any camouflage entry attempts should reference the midpoint. _______ UPDATE (1:28 a.m. EDT):  A hysterical flight to “quality” has caused the futures to blow past our target and to get within a single tick of the next: 122^13.  It can be found on the 30-minute chart using the following coordinates:  A=118^15 (3/9); B=121^04 (3/11); and C=119^24 (3/14).