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The bonds didn't get the 4 1/2 points necessary to confirm a new up
leg. It looks like a retest of 124-21 with a low target of 124-02
possible. If 124-21 holds it will still take a trade at 131-05 to start
a new leg up.
The S&P looks like it wants to retrace a bit. SP9H has reached 1261 with
no measurable down leg at this point. that leaves the target at 1279.80
intact. The index has reached 1248.81 and the target of 1257 is also
still intact.
this is not a solicitation or a recommendation just an observation by
the author. Good trading, Ira.
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