12:09 pm EDT:  Technical problems have prevented an earlier update.

Leaders: 30 Yr T-Bond electronic futures have taken advantage of the bond holiday and have broken to the upside by one big point–not yet through critical trend channel resistance–but on the verge.  If they break through tomorrow, the S&P will likely correct a bit until the 30 Yr is done with its advance.

ES:  After exceeding the first buy zone by three ticks to the downside (4 is our usual stop), the ES made new nominal highs to 1103.25 and has since retreated to the second buy zone, between 1089.75 to 1092.00 (actual low 1091.50).  We are still willing to buy on a retest or slight break of 1091.50, but will not hold a tick below 1089.75.