S&P 500 Futures Lose Critical Technical Level

For the first time since the most recent rally began in November, S&P 500 futures have retested (and broken below) the 100-day moving average within days of a previous break (without making new highs). It would appear the BTFD mentaliity is less exuberant with war and a tapering Fed in the background. And for those great rotators... 30Y yields are at 2 week lows...

and bonds are well bid...

and WTI just closed at its highest since feb 2012...

Charts: Bloomberg