Adjusted on: 9/13
Comments: Bonds: Trade back below 146.23 lets bonds make a run at 144.07 – keep THAT in mind if we get weakness. Upside, although 148.31 is formidable, I’d favor a test of 149.04 on continued strength at 148.24. 10s: Treat 132.08 as last support – trade below it can fall as low as 131.05. Favor the bulls at 133.16 targeting 133.29 and perhaps 134.11. 5s: Trade below 123.295 targets 123.165. Favor the bulls at 124.225. SPs: Remember – key here is WHO controls this pivot. If the bulls hold it, the next target is 1526. If the bears take it, initial trade will only be late longs puking; the bears will need 1423.25.