10-Year Treasury Notes: Remember: as long as 123.22 is intact we need to lean bullish. Trade is weaker below 123.15. Bulls need 124.18 at a minimum (remember we’re talking post-fomc).
5-Year Treasury Note: The bulls pick up a buy above 119.295 targeting 120.07; post FOMC see where they are relative to 120.14. 119.18 is SOLID support – but a failure moves to 119.105. Post-fomc, trade below 119.18 is bearish – and weaker still below 119.05.
S&P500 Stock Index: Trade above the pivot moves to 1714.75. First weakness comes with a loss of 84.75.