Adjusted on: 10/7
SPs: 1444.50 is more important to this market than the pivot; trade is weak below there and is vulnerable
for a move to1424.50. Look for a large break if the bears take out 1415.50. Keeping trade above 1444.50
brings 1467.50 and 1496 into play.
Bonds: The info at the levels is just “trade”; in order to get the next move the bulls need to take out 149.28 –
that lets them test 150.08 and perhaps 150.23. The bears need 145.17; that lets them go after 144.07 and
10s: Trade below 132.235 moves to 133.095. Do NOT get caught long below 132.095. Up-top the key
is 133.21; if the bulls re-take that price they can make another attempt at 134.24.
5s: Trade below this pivot targets 123.25_7. Holding the pivot keeps the bulls in the game – but then they
must take out 124.24_7.