With ZN & TLT showing severe signs the Inflation Meme is
quickly losing its Chill.
Jerry and the Kids at the FED tried like Hedes to call nerves
all Day.
The Result: GFY
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Mid-Curve, Fed Funds, DX have put their feet(s) on down.
We should see the Lows taken out for the Equity Complex,
even Pricing Powered Tech is finally giving up the GHOST.
15942 - 15954 are now Open for Trade.
Breaking 16K is going to be gut-wrenching to watch frankly.
Too many Longs just hanging on, hoping it's all gonna be Okie Dokie.
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It isn't.
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Selling into .500 / .382 retracements has been the SELL all Day after
the Gap Fill.
Our "House" formation looks as if it might well be sitting on a
Foundation of comprised of "Popcorn" and "Moovie Ticket Stubs"
Mexico, hope you're in on this.