$spy $tlt $gld $iwm What happens to commodities here is key for
the market. It controls the direction of 
TNX which controls next move in 
IWM and 
GLD There is an outside shot we get a temporary spike to 232 on the crb index, but I think that is it. High portability that we get a substantial correction sometime soon. Tnx looks like an inverted H&S bottom but that would require a super cycle move in commodities beyond 232 to confirm. Lots of uncertainty for several important sectors here. Implications are huge on how this resolves.
TNX which controls next move in IWM and GLD There is an outside shot we get a temporary spike to 232 on the crb index, but I think that is it. High portability that we get a substantial correction sometime soon. Tnx looks like an inverted H&S bottom but that would require a super cycle move in commodities beyond 232 to confirm. Lots of uncertainty for several important sectors here. Implications are huge on how this resolves.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.