End of volatility? Yields continue to rise. Spy could crack.

Hello. Despite this weeks amazing rally, I believe it's too much too soon. The yields are continuing to rise and could be as high as 1.7% by late Monday/Tuesday. How could it affect the market? Some economists are predicting that a 2% yield on the 10 Year will result in a 20% correction in stocks. This is in line with the bearish megaphone that has formed. There's a possibility that we are approaching a peak. The rejection could take us quite close to the economists warning of -20%. 350 could happen which is around a 18% correction.

What do you think? Leave your comment below. I believe we have 1 more dip before truly breaking out of this. For now, I remain short and will load more puts should we try to push past 395 to reach 400. At 400, I will go all in on puts.

Currently holding puts for 390 strike by friday.

A circulating idea has been that we will have >2% yield by June.

Trade at your own risk.

Comment:

Looks like we had a bit of a jump from JPOW/The Fed comments, but yields called them on it. Expecting much more volatility ahead. Cash is probably the safest position.

Trade carefully. I am not an expert. However, I do believe we could drop to 3850 tomorrow with France now locking down.