30 year TBonds are still in a long term uptrend from the lows in June/07. They have been falling from July/12 and the recent low is a Fib 50% retrace of the entire uptrend from June/07 to July/12. Price is now trapped in a tight range between the Fib 50% retrace pt and the Fib 38.2% retrace point . Or from 130 to 135. 'IF' price breaks below 129.47 you could expect a test of the major multi year uptrendline which is also the Fib 61.8% retracement point. And even then the long term uptrend in Bonds would still be intact. Meanwhile 135 is solid price resistance.