Interest rates are now dropping back, 30-year Bond at highest level in more than a month at 133. The yield has dropped to 3.67% from Sep 9 peak at above 3.9%
10-year note price up to 126 and back to late August breakdown area. The extreme lows at 122 weeks ago saw the yield flirt with the psychological 3% area. 10 year now at 2.65% with upside resistance at 127 1/2 from halfway of 133 to 122 move , downside support 2.3% in inversely related yield from midpoint of 1.6% to 3%.
Stock support E-mini S&P from last Tuesday at 1288ish pre blast basing area. Next upside to watch is the 1707 midpoint of 1727 all time peak to today's lows at 1687...
5% upside objective...Complete recovery of 80 point August selloff targets previous high at 1705 plus that move to 1785 technically.
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