129.09 is the 2/3rds fib on the short swing..

The bigger area is 129.15 ish ( this is where we sold the Bonds last fall for the trade down to 122)…

The board is still showing Short stocks/Long Bonds….

The TBT ETF looks like it still might have some room to go. 29.70 ish seems to be lining up with the 130 handle in the Bond Futures.

Closing price action through these two levels will lead us to see much lower yields…

Let’s see what the afternoon brings..The board can flip again…