A picture is worth

This indicator helped spot the 2002/2003 bottom, now it looks topped out and turning lower.

And the Bond market is again in focus, even if fuzzy. Will the 200 SMA hold? If it does, chance of sharply higher rates IMHO I say this because this slower moving avg is heading up! 20 EMA though is turning down, that could overwhelm it. slow stoch is at oversold levels. RSI neutral.

But with sentiment not overly bullish, yields could fall too. OPEX coming this Friday, some volatility could come into markets.

D