Adjusted on: 10/6 US 30-Year Bond: At some point bonds will break out of the recent range; we’ll use 133.29 as the upside trigger and 132.19 (there is support there) as the downside trigger. I don’t see a bias in bonds so in between those triggers we’ll just need to scalp.
10-Year Treasury Note: We still need to respect follow-thru higher at 126.275; in addition to the 127.125 target there is another NICE target at 128.03. We can treat 125.22 as “last support” between the current market and the yield.
5-Year Treasury Note: If the bulls can take out 121.11_7 it lets them go after 121.21. Like 10Yrs, note the only support between current trade and the yield…
S&P500 Stock Index: Like BONDS, there will be a move here at some point; trade above the pivot needs to be respected for a test of 1724; trade thru 1678.25 targets 1657.25.