Bonds are consolidating the recent gains against resist at 181^07.
While the S&P 500 futures are above 3112.75 and 3134.75, I suppose it best to allow for higher at least initially today.
Bonds behaved well today, thrusting up through 179^19 in an effort to test 180^26.
Bonds are working up from 178^18 which is a shallow wave II target thus may be in the early stages of III up.
S&P 500 futures have been lifting from support just under the overnight low at 3150.75.
Minor pullback taking place in bonds, nothing unusual, just the sort of thing one would expect as it gains energy to make a press for 179^19 and above later in the month.
Bonds in a small wave two retrace.
S&P 500 futures have largely consolidated in a sideways range overnight.
Bonds stayed on plan today after testing support early this morning and climbing through the day to near the June high.
It is a positive the bonds are attempting to base above 178^04 though a dip to test 177^22 is not out of the question.