Adjusted on: 8/26 NOTE: FINANCIALS: DEC IS LEAD MONTH ON FRIDAY. US 30-Year Bond: The key here – the first “bullish occurrence” – is still some type of control by the bulls of 132.16-132.19. Merely getting back below the pivot will likely NOT be enough to turn the market “weak”.
10-Year Treasury Notes: Strength will want to print 125.22; you can make a real case for a test of 126.255 here – but I still feel 126.095 gives us a first-touch fade.
5-Year Treasury Note: Trade gets firmer above 120.235.
S&P500 Stock Index: Trade up thru 69.75 targets 80.25 – and control there takes us off the downside bias. Bears need to get trade back below 36.50 (which will go after 1620).