Adjusted on: 6/24 Comments: US 30-Year Bond: Trade thru 136.25 meets resistance at 137.06 but will target 137.20. Trade is still pretty bearish if the bears can hold 135.08; trade below 133.07 seeks 131.27.
10-Year Treasury Notes: If the bulls control this pivot I’ll look for a test of the yield and perhaps higher. The pivot is NOT resistance; trade thru 125.00 targets 124.01. US 5-Year Treasury Note: Trade thru 120.09_2 targets 118.28. Upside, bulls need 121.135. S&P500 Stock Index: The pivot SHOULD be 76.50 – the bulls need that level and if they get it they’ll go after 1624. Trade thru 1543 targets 1526.75.
