THAT was a quiet Monday...let's see who controls the bond 3 1/4 yield now....

US 10-Year Treasury Note: Weakness at this pivot SHOULD test 129.275; 275 MIGHT be good for a first-touch fade. Further down, a failure at 129.16 targets 128.25.  Upside trade will be choppy and although a bull-hold of this pivot will certainly be impressive, they then need 130.29. US 5-Year Treasury Note: WHO controls this pivot is the REAL key to the market. Note the 122.205 target further down. Strength – especially up thru 123.20_7 will target 123.25. S&P500 Stock Index:  Note the target(s) if we get strength. Bears need to control 1523.50 and especially 1515.50.

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