$TLT
$TLT pre-market – Bonds are extremely oversold going into today’s action. In order for the equities to act better we need to see some relative strength here and the yield to lose some steam. $124 is the first resistance area. $118 is an important support in case the selloff continues.
Inflation – the catalyst for the day
If the first mechanical move is up and it is confirmed by strong 30-60 minutes of trading I will put my capital to work, if not I will stay on the sides.
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