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Since the 30 year hit lows of 13505 on March 19th this year, we have seen the market slowly move higher squeezing out shorts that remained in the market. This retraced back to where it broke down from at 14105 on March 12th and has conquered this level to turn this old resistance into new support. The recent short setups have not played out as the market is running over sellers and now ooking to retest its gap from the contract rollover that was never filled which brought forth the chase down to 135. This June contract highs come in at 14223 with stops above, gap fills within 14316-14326. This will be the last level of defense for sellers as it offers them an area to defend the February high of 14414 prior to the breakdown. Moving past this high puts the bull back in control and gives room to target next set of stops being above 14515 where "X marks the spot"
