Today: The Bond futures have stood in a neutral posture since their
descent last “jobs report” Friday, where the bystalk condition shut off after
only being in it for one day, and putting a double top in the June contract at
118.02. The “magnet” formed from this stalk up is 116.15, and that should
be the level you pivot off of for today’s direction. Once below 116.05, and
weakness sets in and we attract a new round of fresh sellers. Above 116.15,
and they may try to get a ride up to 116.27, which only above there do they
truly have a bullish sentiment.

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