Li Ailin

S&P 500 FUTURES looks poised for a relief rally.

Structure is starting to look bullish. Gamma is in extreme negative territory means dealers will have to hedge with longs.

Target 3920-4060.

10Y rejected at 3.5 again. This was a throw-over of a falling wedge. I think this was the bottom, we can begin the relief rally and fill all the gaps above now. $ES

I also doubt the bear market will continue without filling these gaps first. $SPX

Equity futures are selling off due to a rising 10Y. Structures tell me this is a bear trap. This looks to be the final W5 down.