16.19 will be the next weekly and monthly level to watch.
This level should somewhat line up with the 146.08 Fibs in the 30 yr.

The short term RSI’s are getting directionally stretched in the 30 Yr. Futures and the TBT

Longer time frames show there is more room for a move to extend.

yes…I had long term Private Wealth guys pay for their trades yesterday. Look to take another piece off
in the high 16’s.

We’re treating this trade as a must have portfolio hedge for any investor holding long term Treasuries or Bond Funds.