Adjusted on: 10/22: US 30-Year Bond: In order to keep rallying the bulls need to take out this pivot…note the targets above (I like 136.03).
10-Year Treasury Note: This pivot and 127.24 really will tell the story here; they are both formidable levels but trade thru them needs to be respected for a 128.03 print. Bear control of EITHER is bearish – and the bears can then add below 126.165.
5-Year Treasury Note: Trade pushing away higher (the pivot is very small support) seeks 122.05_2. The bulls NEED this pivot; be careful buying dips. Bears can add below 121.12.
S&P500 Stock Index: There’s a target up at 1785 and as long as trade stays above this pivot we need to respect that…losing the pivot may take some longs out; I would think that is more logical with bear-control of 1727.50.
|DEC BONDS||DEC 10s||DEC 5s||DEC SP500|
|136.03 target||128.07||122.05_2* target||
|135.23*||128.03 watch||121.20 PIVOT (true)||
|135.18 target||127.24 pivotal||121.12 pivotal121.065 pivotal||
1739.25 PIVOT (true)
|135.05 PIVOT||127.175 PIVOT (true)||
|134.28 watch||127.13 watch||
|133.11 pivotal||126.165 pivotal|