Adjusted on: 8/22 US 30-Year Bond: Jackson Hole is still going on….trade thru 129.30 seeks 128.17. Bulls need 132.19.
10-Year Treasury Notes: Look for 123.23 on trade thru 124.025. There’s a lot of resistance in the 124.28-125.065 area; it’ll be VERY bearish if the bears hold 125.02.
5-Year Treasury Note: NOTE: trade thru 119.25 seeks 118.27. all traders should keep in mind that BONDS have a second target at 126.02.
S&P500 Stock Index: Note what the bulls need – until they can take it trade is vulnerable to the downside. Trade thru 36.50 seeks 28.75 – BOTH those prices lend support – but the market feels soft.
| SEPT BONDS | SEPT 10s | SEPT 5s | SEPT SP500 |
| 132.19 pivotal | 125.065* | 120.19_2* |
1681.00 bulls NEED |
| 132.15 target | 125.02 do bears hold? | 120.125* |
1679.50* fade |
| 132.11 scalp buy | 124.28* | 120.07_7 |
1670.75 pivotal (fade) |
| 131.31* | 124.085 PIVOT | 119.315 PIVOT |
1662.25* 1655.00* PIVOT |
| 131.20 | 124.025 sc lows | 119.25 watch |
1648.25 watch |
| 131.11* | 123.23 target | 119.155 |
1636.50 pivotal |
| 130.31 PIVOT | 123.11 | 119.09_2 |
1628.75 pivotal |
| 130.19 sl | 123.005 | 1614.75 pivotal | |
| 129.30 watch |
|
||
| 129.15 | |||
| 128.27
128.17 target |
