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.
| SEPT BONDS | SEPT 10s | SEPT 5s | SEPT SP500 |
| 135.02 target | 126.265 pivotal | 121.06* |
1667.75 pivotal |
| 134.24 major | 126.18* target | 120.315 major |
1655.75* target |
| 134.03 target | 126.095 major | 120.25 pivotal |
1646.75* |
| 133.27* | 126.045 look for bids | 120.18* PIVOT |
1636.75* 1629.50 PIVOT (true) |
| 133.16 expect follow-thru | 125.29* | 120.08* |
1625.00 lows |
| 133.07* | 125.22* | 119.315 watch |
1620.50 pivotal |
| 132.19 pivotal | 125.175 pivotal (2 ¾% too) | 119.26_2 lows |
1609.00* |
| 132.17 (3 ¾%) | 125.065* PIVOT | 1602.50* | |
| 132.08 PIVOT | 124.265*
124.015 pivotal |
1591.50* | |
| 131.31* | |||
| 131.20 | |||
| 131.11*
130.03 pivotal |
