Adjusted on: 10/14
SPs: As long as any pullbacks here stay below 1444.50 we need to favor a move to 1385.25. Trade staying below this pivot really keeps the sell pressure on this market.
Bonds: I’m going to focus on the SPs and expect to trade inversely to them…so that said I’m looking for bonds to test 150.01-150.19 for starters. First weakness will come
10s: Note bond comment…if the bulls can control 133.26 the move projects to 134.24. Downside, that whole area from 132.24 to 132.09 is where the bears begin to gain
5s: note bond comment. Trade BELOW this pivot targets 123.31…I’ll favor the bulls at 124.25.