The US 10 year bond can be a pretty good indictor of the future direction of the market. Look deeper for further confirmations of trend reversal. Like bearish checkmates and island reversals to name some recent signs in the market. As well as Black Rocks downgrade and the Covid situation. Possibility of a wave down, before another wave up, is high, though trend may currently still signal bull / neutral overall. Personally, we like the Russell 2000 as a good indicator of the market outside the hype. In March, Wheat bottomed first, then Bond, then Russell... only to be followed by SPX. Happy Trading!