Adjusted on: 8/28 NOTE: FINANCIALS: DEC IS LEAD MONTH FRIDAY US 30-Year Bond: The bears need to take out this pivot to truly get bonds back on a solid bearish bias. Bears can keep leaning on the % and/or 132.19 – but keep the previous statement in mind.
10-Year Treasury Notes: Trade thru 126.045 will TRY to get to 126.18 and possibly 126.265 – but it won’t be easy.
5-Year Treasury Note: The bulls need to get trade up thru 120.25. (120.315 is a first-touch fade tho) Weakness looks to re-test 119.315.
S&P500 Stock Index: Trade thru 46.75 seeks 55.75; trade thru 67.75 is vulnerable to take SPs off the downside bias. Weakness – especially new lows – seeks 1620.50. Do NOT get caught long below 20.50.
