S&P 500 followed through on Wednesday‘s reversal, and the right shoulder of Sunday discussed inverted H&S is complete. Hotter than expected PPI wasn‘t sold into much (low print I saw as a greater danger to rising equities), and selling attempts in its aftermath turned out weak, making for intraday opportunities with Ellin having a great day.Swing trading perspective though has question marks over both financials performance, and how far can Nasdaq resurgence carry S&P 500 after I called for a day of rotations (yes, market breadth broadened out satisfactorily yesterday) that brought a very decent follow through (outside key financials and select income / interest rate sensitive plays).Caution is warranted, just remember yesterday‘s sharp drop in the latter half of the session (that I capitalized on in our channel) out of nowhere (no catalyst), followed by fast recovery. That signifies uncertainty ahead (I say why exactly in the premium section), and I would argue that most of upcoming Fed moves have been priced in.See these charts and think how to explain the TLT daily non-confirmation, and then remember my yesterday‘s premium words mentioning XLF and XLY – what buyers want to see. 
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