2022-05-13

Long For Now

NQ looks like it could rip higher. If this isn't a rally, this is a great spot for failure. The S&P 500 is near a former support line, while the Russell 2000 is in no man's land.

Bonds are important. A small pullback is fine for a rally, but serious selling in bonds would quickly limit stock market upside. The fuscia line is baout 6 percent away, around $124 for TLT.

BTC retook support. Eyeballing it, $36,000 looks like a conservative bounce target.

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