June U.S. T-Bonds closed down 6/32 at 132 29/32nds today. Prices closed nearer the session low today. Bulls have the near-term technical advantage. The next downside price breakout objective for the T-Bond bears is closing prices below solid technical support at the February low of 130 16/32. The next upside technical objective for the bulls is to produce a close above solid technical resistance at the March high of 134 1/32. First resistance is seen at this week’s high of 133 11/32 and then at 133 15/32. First support is seen at this week’s low of 132 11/32 and then at 132 even. Wyckoff’s Market Rating: 6.0.
June U.S. T Notes closed down 2.0 (32nds) at 123.11.5 today. Prices closed near mid-range today. The bears have the near-term technical advantage. A bear flag pattern has formed on the daily bar chart. The next upside price breakout objective for the bulls is closing prices above solid resistance at the March high of 125.06.5. The next downside price breakout objective for the bears is producing a close below solid technical support at 122.20.0. First resistance is seen at 123.19.0 and then at 123.24.0. First support is seen at today’s low of 123.08.5 and then at this week’s low of 123.02.5. Wyckoff’s Market Rating: 4.0.
