1/X Well, expectations of further declines did not pan out -- but Yield is moving up again -- so we should see pressure build up on the equities later today, once the rise in yields has taken off for good.
2/X Nonetheless, we might have to get out of the shorts at breakeven, or better, and reset, once we understand what is going on. Or we can go long too if that's the equity markets are going to do.
3/X What makes sense from the high-frequency, real-time schemata and bifurcation configuration, is that we either (1) will see a full, double top, test of the 4212 high, then sharply lower or (2) ES will go on breach the 4212 top, and go much higher.
4/X I'de like to have a shot at a possibility of breach of 4012 top, and quick ratchet higher; if we get right levels. If you are feeling whiplashy, please don't - we warned it will be choppy for a while; our philosophy is skating to where the puck will be, and not where it is/was.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.