Adjusted on: 10/15 US 30-Year Bond: Trade thru 131.27 sets up the start of a move to 128.28; 131.05 will be the next price the bears need in order to get there. Up-top, it’s all about who controls the yield AND 132.30.
10-Year Treasury Note: Weakness – and that will include rallies that stay below 126.08 but ESPECIALLY trade thru 125.215 – sets up a move to the yield (last seen near 125.025) and MUCH lower. The bulls do better back above 126.08.
5-Year Treasury Note: This market pretty-much has bookends (made worse by the fact they bracket a true pivot…) …taking out 121.11_7 will test 121.175; trade thru 120.185 goes after the yield – and MUCH lower.
S&P500 Stock Index: Trade up thru the highs needs to be respected for a test of at least 23.25 (I think 38). Weakness – and trade gets progressively weaker as it passes thru 81.50 and 72.50 – targets 66.25.