TYX - SPX updated

Stock rally to last about as long as it takes the long bond yield to test the breakdown? On the lower probability that bond yields rise and break resistance, then it is off to the bullish races again sort of in 'move along, nothing to see here' fashion just like after last year's 'flash crash' festivities.

Copper's got a roof that looks similar to the top in yields. So do other asset markets. If they negate the breakdowns, all well and good. But for now, this is a retest and a retest only. If it fails, I will look at the stock market like the Wicked Witch of the West would... I'll get you my pretty, and look to short at or near the Dow target of 13,300.

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