Adjusted on: 9/12 US 30-Year Bond: Nothing to change here…until the bears can print near 127.00 (which will be in play on trade below 128.12) there’s nothing significant to talk about on the downside. 130.07 is still the trigger for any higher trade – which we should respect for a test of the yield.
10-Year Treasury Notes: The bears will do better below 123.02; the bulls can target the 124.15 buy-trigger with control of 123.305.
5-Year Treasury Note: Bulls need to control 119.16 – that lets them go after the buy up at 119.24; the bears need 118.29_2.
S&P500 Stock Index: The bulls still need this pivot- but NOW if they get it they can make a run for 1715.25. There’s still upside potential if the bulls hold 1660.25; best weakness comes below 1652.75.
DEC BONDS | DEC 10s | DEC 5s | DEC SP500 |
131.18 major | 124.255 target | 119.30_2 pivotal |
1715.25 pivotal |
131.11 target | 124.15 buy | 119.24 long above |
1702.75 pivotal |
131.03* | 124.06 | 119.16 pivotal |
1685.50 PIVOT |
130.25 3.75%? | 123.305 pivotal | 119.05_7* PIVOT |
1666.75* 1660.25 watch |
130.20* | 123.20* | 118.29_2 pivotal (yield too?) |
1652.75 pivotal |
130.07 pivotal (wk hi 11) | 123.125 PIVOT (true) | 118.19_2* |
|
129.30 pivotal | 123.02 pivotal |
|
|
129.24* PIVOT | 122.25* | ||
129.13* | 122.18* | ||
129.04*
128.28
|
122.07 lows | ||
128.12 pivotal
128.00
|