This week's Ponzo updates have SPY and VIX with forecasts almost identical to last week. The biggest change in momentum is seen in TLT, which is demonstrating an improved high/low bracket (dotted black s/r lines are from last week) and the 18 week target is now 125 vs. last week at 122.
Although the yield curve has flattened recently we're still seeing considerable overseas selling of the treasuries and Russia, Saudi Arabia and Chine still retain considerable inventories which, if another selling wave develops, could drop TLT down to 110 levels. Just something to keep in mind.