The US dollar has seen a clear rejection from its 200 day SMA. Does this mean we might see S&P500 go back to the 4000 level and retest its 200-day SMA and the downward trend line? That is within the realm of possibilities, and cannot be discounted. But you know what has been performing phenomenally? BONDS! Both corporate and government bonds have been aggressively pushing higher, and no one was talking about this. Bonds love lowering yields! And wall street sniffs it out faster than anyone else, and builds a position accordingly. Will we see Bonds go higher? Let me know in the comments..