The updated hourly chart you see above depicts our current estimates of the boxes in the June t-bond futures. Today's employment number dropped the market as low as 113-22, near the lows of the three boxes we cited in our May 4 post.
This market is definitely a buy. It is currently trading in yet another 46 tick box extending from yesterday's high at 115-04 today's low at 113-22. Projecting 46 ticks above 115-04 gives an estimate of 116-18 as the high of the next box in the uptrend.