Adjusted on: 9/25 US 30-Year Bond: I’m NOT sure I want to buy dips in this market…strength will target 134.31 and WANTS to print 135.05.
10-Year Treasury Note: Strength seeks 127.09 and continued strength there targets 127.25. Rejecting the pivot WILL bring profit-taking; will they drop it to the yield is the question…
5-Year Treasury Note: Strength moves first to 121.12_7 (good first-touch fade) and then will WANT to test 121.19. Like 10s, a failure to hold the pivot WILL see profit-taking.
S&P500 Stock Index: The bears NEED to take this pivot; 73.75 is good support – but note that trade thru 1670.50 targets 1648.50. The pivot is NOT supportive; bulls do better above 1706.