The first question: is today’s high in the Bonds and the Low in the S&P it? We know that it was a great place for a reaction trade, the Bonds will now try to seek out an eventual 138 print ( which will become a big pivot level). Again it’s a question of when and how the market sets up for this to happen.

112 in Goldman is an interesting reaction level, however it still looks to me as though it wants to complete the entire swing to 103 ish.

So No! I am not convinced the bottom is in yet in the equities, but that doesn’t mean we don’t have another rip your face off rally! It will be a game of where the rallies stop. This is a huge trading affair. You can make money “short term trading” from both sides of the market.

As Always..If you do not have an out (stop) do not attempt a trade!

This is a Time Frame, Lemming Effect Trade!!!!