Big rally coming in stocks from here. We are seeing the Combo 13 complete off the 13 sequential risk levels with the Plurality back into oversold areas. I am using a tight stop on this week's low for the idea and now back up to a very long position.
Furthermore, we are back to the monthly TD Range Projection on the S&P. This is a huge level that we defended. Last month we rallied nearly 400 points off the monthly projection low.
US 10-year COMPLETED THE 13 COMBO and is flipping lower. Rates are going to head south from here in our view.
Monthly 9 is still very much in play. We have not seen a 9 sell off a TDST level like this since 2013 where rates fell almost 200 basis points.
Yen is coming off weekly risk levels. I have never seen a better risk-reward to short USDJPY in a very long, long time.
XLE double monthly 9 sell with daily and weekly exhaustion. Energy has a long way to go lower.
I'm also going to try a basket of China stocks here because the relative strength has been quite remarkable and we qualified TDST upside breaks.