Bonds are fighting

Bonds are fighting a key barrier of overhead resistance at their 200-day Moving Average. This has put a lid on any further advance, and I'm concerned this firm barrier will turn the tide and send prices lower.
US Consumer Confidence, which is a measure of consumer optimism toward current economic conditions, fell sharply in August to its worst level in a year. The decline was the sharpest since the aftermath of Hurricane Katrina and has been attributed to the relentless bad news from the credit crunch in financial markets.
This afternoon, the Fed will release the Minutes from the August 7th meeting. It will be interesting to get the Fed's views on the credit crunch, since it was just beginning to unfold at the time they met.Since Bonds are testing serious resistance at the 200-day moving average, a level that has only been crossed three times in two years, a locking mode is in effect for today.