Quote from Quon:
Just to add...
Seems like bonds can't break that monthly A down. They're actually well off the lows that they made it to earlier in the session. I'm seeing a reversal type set-up on the daily that suggests that if we get any selling on the open in the indicies, we could see the OR or the monthly A up in bonds in days.
We'll see, but to be sure, bonds don't look as bad as they did when the session began.
If bonds stay bid equities are going to sell off. There is no way around this. The big tell here will be bonds breaking through and confirming the A down at the 148 handle. If that happens, this market could really rip. If we take out 150 and re-test the old highs, you can bet that 1200 is going to get here really fast in the ES.

