Traders flag that oil staying elevated and the 10 year refusing to drop are warning signs that the bounce may lack confirmation, keeping attention on macro pressure despite equity rallies.
A few signals I’m closely watching: ▪️ $WTI still holding above $90 ▪️10yr refusing to flush ▪️ $SPY & $QQQ just weak follow through
There were signs…. -short dated unusual bearish flow -oil not flushing $WTI - US10y not flushing - no follow through near the 200SMA for $SPY $QQQ
Oil has pulled back, but the bigger picture hasn’t changed much.
Huge inflection point today. Major stock indices $SPY, $QQQ, $IWM and $DIA all gained 2%+ while oil $USO fell over 1%
This finding is one of many signals tracked across Stock Market. The live feed updates every few hours with new expert voices, debates, and emerging ideas.
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