June 30 year treasury bond:
1. In yesterday’s (Tuesday, April 19) Williams edge live meeting it was noted that any important advance which tested or attempted $166.10 could be sold short for a further decline and test of $164.14 (or lower) into Thursday, April 21 (+/-1 day).
2. Subsequently, the June 30 year U.S. Treasury bond advanced and made a swing high at $165.29, placing the market into selling territory. Today (Wednesday, April 20) the bond market declined sharply and completed the forecast $164.14 downside target. This successfully completes the forecast/trade.
3. However, in today’s meeting it was noted that our larger forecast (for $161.00 into May 2016) could begin with today’s decline and apparently that is the case as today’s session low is $163.08, so far. Keep this in mind.