10 Year Bonds are the centerpiece of the financial industry. It's going to make a big decision soon next month. If it rallies, then the banks stocks will have an astronomical rally. That will sustain the rally for the NASDAQ and the SP500
. If it goes under, then we may relive 2000-2002 all over again. If the 10 Year Bonds fall, the financial sector will fall. As a consequence, NASDAQ and SP500's multi month rally will come to an end if this happens.
That decision seems to be in early or mid-August. Until then, I will long at major supports.