Comments: US 30-Year Bond: The pivot still keeps the MOST pressure on the market – but any probes above it and especially thru Monday’s high still need to be respected for a run at the stops – and higher… Downside, the next key for the bears is to control 133.15 and 133.08.
10-Year Treasury Notes: Here’s what matters: taking trade above 126.245 lets 10s go after Monday’s high and put pressure on 127.135 to 127.23. I think 127.16 will give us a first-touch fade…but it’s hard to break that area down more than that…downside, the bears NOW need 126.025.
5-Year Treasury Note: Perhaps the reports this week can get 5s to expand the recent range; for now the bulls still need 121.255 (which then hits SOLID resistance at 122.055)…the bears can do a BIT better below 121.06…
S&P500 Stock Index: Strength – either thru the highs or a successful bull-hold of the pivot once above it– will go after 1741. Trade is weaker below 1669.
|SEPT BONDS||SEPT 10s||SEPT 5s||SEPT SP500|
|136.14 pivotal||128.075*||122.055 major||
|136.06 major||127.23 pivotal||121.255 pivotal||
1690.00 PIVOT (true)
|135.27* long above tho||127.16 pivotal||121.20_7 Monday’s hi||
|135.19 stops||127.135 pivotal||121.13 PIVOT (true)||
1661.00 weak below
|135.02 Monday’s hi||126.315 Monday’s hi||121.06 pivotal|
|134.19 PIVOT (true)||126.245*||120.315*|
|133.15 pivotal||125.21*125.065 pivotal|