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 |
1668.25 pivotal |
| 132.04 look for follow-thru | 124.15 buy | 120.08 target |
1651.75 pivotal |
| 131.22* | 124.09* | 120.01 resist |
1636.75* PIVOT |
| 131.06 target | 124.005 target | 119.26_2 pivotal |
1629.50 pivotal 1625.50 pivotal |
| 130.30 scalp buy | 123.265 scalp buy | 119.18_7* |
1609.00* |
| 130.06 PIVOT | 123.18 PIVOT | 119.11* PIVOT |
1602.50* |
| 128.21 watch | 123.085 pivotal | 119.035 |
1589.75* target |
| 128.16 target | 122.265 watch | 118.30 pivotal | |
| 128.13 target | 122.03
|
118.22 pivotal |
