I put out some quite-bullish rally targets back in May, and now the futures are close to achieving them. The forecast referenced the June contract and called for a move up to 128^17, or perhaps to as high as 130^04 if the lower resistance, a Hidden Pivot, was breached. The equivalent numbers for the September contract are, respectively, 128^07 and 129^28. Either could mark an important top, and that's why I am revisiting the forecast.
T-Bonds
USU10 – September T-Bonds (Last:122^21)
– Posted in: Current Touts Free Rick's PicksThe futures suffered their most savage drubbing in a while, bottoming so far at the exact midpoint of the pattern shown. This implies that if they go any lower, the midpoint's 'D' sibling at 120^01 is likely to be reached, and precisely.
