30-Year Bond: Trade thru the pivot is WEAK and will target 130.12. There is NOT much support at the pivot; We like the upside much better if the bulls can get trade back above any support (131.14).
10-Year Treasury Note: Trade thru the yield seeks 123.25 - but the bulls will defend both 124.075 and 124.015. Trade up thru 123.295 seeks 127.00.
5-Year Treasury Note: Like the bonds, this pivot is NOT very supportive and a failure will slip hard - in this case to 119.17. The bulls do VERY well above 120.255.
S&P500 Stock Index: It's ALL about WHO controls this pivot...weakness targets 86.25. We still need to go WITH the bulls on strength.
As always, use stops and keep an eye on the 10-handle rule. Don't forget to catch MrTopStep on The Closing Print video found under the OptionsTV page (top bar). We report directly from the SPX pits, wrapping up the day and positioning for trade tomorrow.
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