Bonds are trying to climb through the 167^13 resistance area this morning.
S&P 500 futures are slipping back from a high made yesterday evening and nearing support at 3899.25 as I type in the minutes before the NY open.
I know I sound demented talking about a serious bounce in bonds but I’m sticking with it.
Bonds were down overnight but have already recovered the overnight drop.
Bonds spiked lower on the NFP numbers this morning but have quickly bounced up out of the hole.
S&P 500 futures are holding well after the NFP numbers this morning implying higher today.
Bonds dropped to a new swing low today in what could be the end of the pattern.
Bonds made the new little low which cleans up the pattern.
S&P 500 futures have held up overnight making it likely that they at least retest 3838.00 today.