September 30 Yr T-Bond:
Bulls are losing control with the close below the steep uptrend line (green at 119.185) {drawn today} and now that line turns into the resistance. Look for a retest of the gap at 11722.
US/Russian relation safe haven buying, US labor demand poor, and weak economic conditions globally should continue to produce buying on dips.
Press reports rumors the Government may announce a plan to help support FRE and FNM over this weekend.
On Friday in the daily TIF, my resistance was 1 tick from the actual high and my support was 5 from the actual low.
Note: My daily numbers are emailed the night before the next day’s trade to help you prepare before the open outcry sessions begin.
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