March 30 year U.S. Treasury bond:
1. On Friday, January 20 we noted in our Williams edge live meeting that a daily close above $150.07 (best case) or $150.20 would indicate new long entry in March bonds for a multi-day advance to $153.20. Partial long position exits were indicated at/near $152.00.
2. Subsequently, March bonds advanced powerfully into Monday, January 23, completing the $152.00 initial upside target. However, in the next 2 days bonds reversed powerfully lower indicating an inversion and substantially lower prices coming (including a test of $149.00). This resulted in a stop out of any remaining long position and a possible loss. Will message any further entry or indication in the 30 year U.S. Treasury bond market.
David Williams