Thank you

David

Yes. 60m chart of TLT has it at the bottom of my T2 zone (from the recent swing short trade entered around the start of the year) with positive divergences so the odds for at least an oversold, counter-trend bounce are starting to look pretty good.

A TLT long would also make a nice indirect hedge to a QQQ or IWM short right now IMO.

Because the $NDX has broken down below the range & it did so following divergent highs on nearly all time frames from the intraday charts out to the monthlies.

Great question. A solid recovery back above QQQ would mean the breakdown failed and would, in itself, be bullish. By “in itself”, that means I would look at other things to see if they confirm that bullish technical event or refute it, such as Treasury yields, crude oil, the current technical posture of other key indexes, sectors, & market-leading stocks, etc..

The more of those that confirm (i.e.- they also have regained any key recently broken support levels, MA’s etc..) then the higher the chance that a solid recovery back above 433 will be followed by more upside back up to & then quite likely, a breakout above the top of the range & new highs in the market.

Lots of variables so first things first would be a solid (not marginal) move & close back above 433 & if that happens, I will be posting frequent updates.

Masterclass. Thanks