It appears that stocks might need a pullback here, and bonds another rally.
We think the stock market could turn lower here, and bonds turn higher.
We are going to sell short the SPY at Mondays opening, and also go long the TLT.
The Technometer for the Wyckoff Wave is at extreme overbought levels, so we think worse case we could slow the rally and move sideways.
The SPY has continued higher while its OP is lagging, and its Technometer is near overbought.
We want to sell short at the market. We will follow up with stop levels.
TLT Technometer has now came back to an oversold reading which we have been waiting on. We want to go long at Mondays opening. We will follow up with stop levels.
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