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 |
1705.20 highs |
| 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 |
1669.00 pivotal |
| 135.19 stops | 127.135 pivotal | 121.13 PIVOT (true) |
1661.00 weak below 1654.50 target |
| 135.02 Monday’s hi | 126.315 Monday’s hi | 121.06 pivotal | |
| 134.19 PIVOT (true) | 126.245* | 120.315* | |
| 134.08* | 126.175* PIVOT | ||
| 133.28* | 126.025 pivotal | ||
| 133.15 pivotal | 125.21*125.065 pivotal | ||
| 133.08 target | |||
| 133.03* | |||
| 132.22* |
