Adjusted on: 8/29 NOTE: FINANCIALS: DEC IS LEAD MONTH. REMINDER: TRADING FLOOR IS CLOSED MONDAY 9/2.
US 30-Year Bond: The bears will do BEST below 131.04; it’s KEY for them to accomplish that. Initial strength will TRY to get to 132.19.
10-Year Treasury Notes: Strength first seeks 124.27; 124.01 DOES lend support – but it also is “last support” with a failure allowing a run at 122.25.
5-Year Treasury Note: The bulls need to get trade up thru 120.25. (120.315 is a first-touch fade tho) Weakness looks to re-test 119.315.
S&P500 Stock Index: The bulls need to control 55.50; that lets this market move from a chop to a rally. Do NOT get caught long below 1622.