Adjusted on: 9/11 NOTE: DEC IS LEAD MONTH SP500 US 30-Year Bond: If we get a move thru 128.12 look for 127.11. The bulls need to control 129.30 and 130.07 – that lets them go after the yield.
10-Year Treasury Notes: The bears will do better below 123.015 – that will let them try to pressure the lows. (Trade thru the lows seeks 121.225 and a pivotal at 121.04). The bulls will do better with control of 123.29.
5-Year Treasury Note: I think the bears will need to take out 118.20_2 in order to get 5s to break hard (taking out 118.13 etc). There’s just so much congestion in this market between there and 119.18. (The bulls will go after 119.18 on trade thru 119.125).
S&P500 Stock Index: NOTE: DEC IS LEAD MONTH The bulls need this pivot- then they can go after at least 97.50 and 1704.50. Trade staying below the pivot does more “taking out late longs” than it does attracting sellers; “first weakness” will come with a failure of 1660.75.