I have been calling for a decline in bond prices recently, and I think the big moves are yet to happen. The U.S. 30-year Treasury bond futures are down slightly today at 151'22. I believe we could easily see a 147 handle this quarter. The stock market continues to make all-time highs while jobs, manufacturing, and real estate continue their strength. This should be a recipe for a bond bear move.
I have a 2770 resistance area on the E-mini S&P 500 futures contract. That is about 1% above current levels. We may see a capitulation high near that area.