Updated TLT vs. SPY. notice how bonds stopped dead and then fell all day as ES_F rallied.. was the bond bidder only bidding to knock back equities so he or she could buy equities at a great spot? sure as hell looks like it when you look below at the chart.
|SPY vs TLT|
Remember from yesterday how TLT started ripping @ noon crushing the SPY. Well today TLT started ripping as US regular session opened sending the SPY through wednesday and tuesday lows. Check out the chart below of TLT vs SPY .
|1 min TLT vs SPY|