Reversal Wednesday

I remember days like this in 2022. The stock market rallies hard, but bonds are blown to smithereens and crude oil surges. The structural makeup of the market turned very bearish, yet bulls kept piling in and bears were chased out. I did have a good day trade that more than offset all my losses elsewhere.The main trade besides that was adding more energy short positions.

Update: This chart shows the raito of USO and TLT, along with SPY/QQQ ratio. Then it is USO/TLT inverted with SPY. This looks like late May to me.