Bull-hold of 135.03-08 lets them test 136.06. Remember, below 132.08 there is NOTHING until 125.21. 10-Year Treasury Notes: Trade could just chop around this pivot until the market hears Bernanke; the pivot is a longer-term level….favor the bears if they maintain control at 125.22…the key for the bulls is to take 126.25. US 5-Year Treasury Note: Until the bulls get trade above 121.12 – or the bears take out 119.23_2 - this market has no direction; it’s just a trading market. S&P500 Stock Index: Trade up thru 1683 targets 1720.50 and possibly 1725. The bears need to either HOLD 1683 – or get trade back below 1652.50-1648.50.
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