September U.S. T-Bonds closed up 22/32 at 136 2/32 today. Prices closed nearer the session high. Bulls have the overall near-term technical advantage but trading has turned choppy. The next downside price breakout objective for the T-Bond bears is closing prices below solid technical support at the June low of 134 15/32. The next upside technical objective for the bulls is to produce a close above solid technical resistance at 137 even. First resistance is seen at today’s high of 136 6/32 and then at last week’s high of 136 11/32. First support is seen at 135 16/32 and then at today’s low of 135 8/32. Wyckoff’s Market Rating: 6.5
September U.S. T Notes closed up 10.5 (32nds) at 124.19.0 today. Prices closed nearer the session high. The T-Note bulls have the near-term technical advantage. The next upside price breakout objective for the bulls is closing prices above solid resistance at 125.00.0. The next downside price breakout objective for the bears is producing a close below solid technical support at the June low of 123.25.5. First resistance is seen at today’s high of 124.20.0 and then at 124.20.5. First support is seen at 124.10.0 and then at this week’s low of 124.07.0. Wyckoff’s Market Rating: 6.0
