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SPY ES Broad Risk Update
S&P gameplan from the trend line / short-term resistance this morning has come to fruition. The question is: is this where you add back? My feeling was that generally if bonds start to rally and are deemed more safe by investors, you might see stock underperformance and chasing away from things that were not working into more "safe" assets like treasuries. I believe this is what we are seeing today.
AGG completed a weekly DeMARK 13 combo
S&P now retesting breakout points intraday
GOOG will have one on the next bar
Because Crypto is leading right now, keep an eye on the 40k area on BTC as a proxy for risk. Long above, short below.
BABA 13 cluster on the 120m
BYND 240M 9 on the next bar off TDST
The gist is: bulls need to hold from here for higher time frame idea to play out.