September U.S. T-Bonds closed down 2/32 at 139 11/32 today. Prices closed near mid-range on mild profit taking after hitting another contract high last Friday. The bulls have the solid overall near-term technical advantage. The next downside price breakout objective for the T-Bond bears is closing prices below solid technical support at 136 14/32. The next upside technical objective for the bulls is to produce a close above solid technical resistance at 141 even. First resistance is seen at today’s high of 139 19/32 and then at 140 even. First support is seen at 139 even and then at 138 12/32. Wyckoff’s Market Rating: 7.5
September U.S. T Notes closed down 2.0 (32nds) at 125.29.0 today. Prices closed nearer the session high and saw mild profit taking after hitting a contract high on Friday. The T-Note bulls have the solid overall near-term technical advantage. The next upside price breakout objective for the bulls is closing prices above solid resistance at the contract high of 126.17.5. The next downside price breakout objective for the bears is producing a close below solid technical support at 124.07.5. First resistance is seen at today’s high of 126.00.0 and then at 126.08.0. First support is seen at today’s low of 125.23.5 and then at 125.16.0. Wyckoff’s Market Rating: 7.5
