When you say...
The 30 Year September Bond Contract (USU7) closed the week at 106-07.
There is still downside pressure being applied to price on the intermediate term
chart.
Are you referring to "weekly" here for intermediate
term?
Price fell just short of reaching the entry price for the next leg down in
bond prices at 105-28.
Why did you use the "A" of 113.17 vs the "A" of
114.30?
In order to restart a move higher on this chart price would have to go
through 106-28 and then the first price objective would be 107-27. If the
entry price for a move down is hit the first price objective for a move down
would be 103-29.