The hourly chart above depicts the short term boxes in the June 2005 bond futures. These boxes are each 46 ticks wide.
Note that the market has reached my temporary short term target at the top of a box at 116-16. I still think the move up from the 109 low of late March has further to go (probably into the 118-120 range). At this juncture I would expect a reaction down to the 1/2 point of the box near 115-24 or the 1/4 point of the box near 115-10.