Comments: US 30-Year Bond: What matters here is 136.29/137.13 up-top and 132.08 down below. I’m going to favor the bulls above 134.10 and just plan to trade the setups etc…. 10-Year Treasury Notes: The bulls need to control 127.24…but even if they just print it and hold above 127.155 that’s still bullish enough for me…The bears need 125.23… 5-Year Treasury Note: To get any strength the bulls need to take out 121.255 – and that will allow a run at 122.275. I’ll still favor the bulls on a dip to 121.13…but losing 121.13 could set up a drop to 120.22. S&P500 Stock Index: The pivot lends NO support but as long as trade stays above it (and especially thru the highs) we need to respect a move to 1724.50. The key for the bears is to control 1654 which allows a run at 1622.
