$spy $tlt $gld $iwm What happens to commodities here is key for

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the market. It controls the direction of TNX which controls next move in IWM and GLD There is an outside shot we get a temporary spike to 232 on the crb index, but I think that is it. High portability that we get a substantial correction sometime soon. Tnx looks like an inverted H&S bottom but that would require a super cycle move in commodities beyond 232 to confirm. Lots of uncertainty for several important sectors here. Implications are huge on how this resolves.

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