After the CPI print today, the US 10 YR has come right down to the 200 Day MA now, which should be a good sign for $TLT and $TMF which is why they are green right now.
But it should also be a good sign for the market but it has had a difficult first 30 mins so far.
I think we need to the let the dust settle a bit after the CPI print, the market also ran strong for 12 days too which needs to cool down a bit too.
I will upload the $SPY chart throughout the day and we can take a look at it.