Adjusted on: 9/3 US 30-Year Bond: Weakness WANTS to extend to 126.06, keep that in mind. The bulls start to re-claim some of the market back above 132.04. (Rejecting follow-thru at 128.16 ALSO gives them some life).
10-Year Treasury Notes: 10s want to BOUNCE…I want to see them trigger the 265 buy…but I’m also not looking to fight strength. Weakness targets 123.085 and 122.265.
5-Year Treasury Note: This market ALSO wants to bounce; bond traders take note…weakness MUST pressure 118.30 – and if the bears keep the pressure on there we’ll see 118.22. The bulls begin to actually gain control above 119.18_7 and especially 119.26_2.
S&P500 Stock Index: BOTH 29.50 and 25.50 could prop SPs up (I’m still bearish) but losing 25.50 triggers a HUGE break….faders must keep that in mind. The bulls begin to regain some control by controlling 51.75.
|DEC BONDS||DEC 10s||DEC 5s||SEPT SP500|
|132.21 target||124.215 pivotal||120.095 major||
|132.04 look for follow-thru||124.15 buy||120.08 target||
|131.06 target||124.005 target||119.26_2 pivotal||
|130.30 scalp buy||123.265 scalp buy||119.18_7*||
|130.06 PIVOT||123.18 PIVOT||119.11* PIVOT||
|128.21 watch||123.085 pivotal||119.035||
|128.16 target||122.265 watch||118.30 pivotal|