What a difference a day makes, as another inflation tick higher (PPI Report) sends Bonds lower, yields and puts higher. TLT Having reached the initial Fib extension level with @ 89.94 now comes crunch time as next Fib level is into the lower 80's and would take our Jun 21st $93P up several hundred percent. Note also how well the Fib retracement levels - shaded squares - contained short-lived rallies on the way down. Don't be surprised if stocks begin to take notice that interest rates are rising and the Fed is impotent.
