TNX was at an all-time high frothy type level and would likely cool down. Today is a red day, and EMA 4 at 52.39 is the key level to hold. A close below would help $iShares 20+ Year Treasury Bond ETF(TLT)$ bounce, bonds cool down, and the market rip. The thesis was that if bonds cool down it would be fuel for the stock market.
$ProShares UltraPro QQQ(TQQQ)$ Next setup before the upside continues. Looking at the 5-minute time frame, with time and patience there's now follow-through. Entry point at the break of 77.75. Bulls have successfully reclaimed and defended the VWAP. Bears are getting squeezed hard. Price targets are 78.47, 78.67+. $ProShares UltraPro Short QQQ(SQQQ)$ $Invesco QQQ(QQQ)$ NQ_F
$Micron Technology(MU)$ $Invesco QQQ(QQQ)$ Micro beat on both the top and bottom line. With good PCE data and strong numbers from MU, there's a decent chance we get a nice rally. The Nasdaq could at least retrace back toward the recent highs.