Caught the reflation trade for the NASDAQ, bids from 12222 to 12767: before the sh*storm is about to hit. Oil is bid at $116 and 10 yr yield is about to head back to 3%. Bull trap from hell on its way.

Chart 1

Chart 2

I caught the reflation trade on the NASDAQ from its 23rd May price at 12222, rallying to 4.46% at 12767, note the Chart 1.  But, to keep this in perspective, this is a bull trap, as you can see from Chart 2, are the oil price (yellow) line bid over $116 and the 10 YR yield at 2.85% looking to retain its 3%.  Which, from the 02 May 2022 vertical line (orange) the yield was at 3.13%, the NASDAQ was sell thereafter, till the 23rd bids started to arrive on U.S. Dollar weakness and falling short end bond yields.

Anticipating at least a 0.50% to 1.00% + drop.

The inflation trade from hell is about to hit.

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Trade with extreme caution.

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