Comments: US 30-Year Bond: The bears need trade back below this pivot – otherwise the risk is for the market to try to challenge the stops above 135.19. 10-Year Treasury Notes: The bears need trade back below 126.01; continued strength targets the yield and 127.175. 5-Year Treasury Note: The market still needs to contend with this pivot – and even if the bulls win out they’ll need 121.255 (which allows a run at 122.26). Should the bears hold the pivot, they’ll need to get trade back thru 121.31. S&P500 Stock Index: There’s only flimsy support at this pivot – the bulls do MUCH better above the highs. Trade is WEAK below 1674.75.
